Satellite office advantage
According to Legion Property Advisory, “the Sunshine Coast market is one of the more affordable office markets compared to both state and interstate, with net face rents and capital values one of the most affordable on the east coast. These lower real estate costs are a major factor in attracting businesses”.
As a result, the region is a rising star: regarded as an ideal location for accommodating the “hub and spoke” model, including the new blended office and home working model.
As well as an emerging masterplanned city centre, the Sunshine Coast has room for all kinds of businesses to grow, with available commercial and residential land, commercial precincts and three major industrial parks.
Real Estate Institute of Queensland chief executive Antonia Mercorella says Queensland real estate agents have seen a spike in interstate residential enquiries since the start of the coronavirus epidemic, particularly on the Sunshine Coast.
“The Sunshine Coast in particular is highly desirable for people looking for that golden combination of liveability and affordability,” she says.
Disruptors drawn to region
Sunshine Coast is home to disruptors like Youi, Auto & General, Get Wines Direct and Office HQ, with all of these organisations benefitting from the inspired workforce of more than 83,000 students across University of Sunshine Coast, two TAFE campuses and more than 100 registered training organisations.
Youi Insurance opened a purpose-built national headquarters on the Sunshine Coast in 2018 and general insurance disruptor Huddle opened a new call centre last year.
The high-speed cable project was a key driver in the decision by Huddle Insurance to bring its largest national presence to the Sunshine Coast.
Huddle founder and joint chief executive Jason Wilby said the project was “a real drawcard for our business, providing the ability to handle large volumes of data, reduce data risk and allow faster transactions”.
“On the Sunshine Coast, we’ve found an entrepreneurial community that rivals Sydney, and discovered people with brilliant minds and smart ways of working also want to work in environments like the Sunshine Coast,” Wilby said.
Sunshine Coast Council welcomes and supports the growth of local businesses and the establishment of new ones in the region.
To find out more, please email [email protected].
Main image: The future Maroochydore City Centre.
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