DEVELOPERS BANK ON RECOVERY IN 12 MONTHS

2009-10-28

The level of new commercial development has improved, with more office projects coming on stream.

Tony Walsh, director at Colliers International. said that for example, the Cradle City development, next to Lanseria Airport, combined office with light industrial space.

"Building will start in earnest in about 12 months. The developers have some majors that want space in the area and further space is being developed in expectation of an increase in demand as the economy picks up," Walsh said.