City centres are not the only beating hearts

eilishkochel

Plans by some State & Territory Governments to move departments on an increasing scale out of the typical CBD locations and out into the suburbs have generated a lot of discussion and press coverage in recent years.

However, as our cities grow, continued expansion of city centre employment is not feasible. The peak hour traffic created by having all workers head towards a single destination is but one of the many reasons to look at other options.

Workers can actually be attracted to jobs outside the CBD as they consider the benefits to lifestyle from a shorter or less stressful commute. While initial reactions to a move can sometimes be negative, more and more businesses are continuing to seek opportunities to establish a base outside of the congested city centre and often via transaction representing far greater value for money to both their staff and the business itself.

The ACT unlike many other jurisdictions, was actually designed around the concept of satellite cities and by having employment hubs outside of the city CBD and many Canberrans work in the town centres of Woden, Tuggeranong or Belconnen.

In Canberra’s north, the Belconnen town centre is the heart of the national capital’s most populous district (as at 2016 Census). Nearly a quarter of Canberra’s population lives in Belconnen.

“We are seeing increased activity in Belconnen throughout 2019 as businesses continue to realise, they can secure value for money accommodation outside of the CBD and close to a large pool of workers, amenity and transport options,” Colliers International Associate Director Office Leasing, Aaron Bruce explained. “Belconnen is home to many businesses and government departments, including Home Affairs and the Australian Bureau of Statistics.”

“Currently available in this centre is 40 Cameron Avenue which has been repositioned by its new owners CorVal and in response to the growing demand for quality office space in Belconnen.”

To learn more, visit: 40 Cameron Avenue, Belconnen