M1 Connect boosts space
CONSTRUCTION is now complete on Alder Development’s $30 million commercial office space in Helensvale – M1 Connect Business Hub.
The hub adds more than 5000sq m of A grade office accommodation to an undersupplied market.
Positioned in the Gold Coast’s northern growth corridor, the 5300sq m (NLA) modern and professional office building on Siganto Dr is now open for business.
CBRE senior director Tania Moore said a “flight to quality” was continuing in the commercial office market, with office vacancy rates sitting at just 8.1 per cent and continuing to tighten across the city.
“The first half of 2022 saw net absorption across A and B grade stock totalling 8782sq m with now less than 6000sq m A grade office space remaining across the city, and less than 13,000 sqm of B grade office space available,” she said.
“M1 Connect has added over 5000sq m of A Grade office space providing a high quality offering which has been lacking in the Gold Coast’s major growth corridor, and it’s available now as an alternate solution to the traditional CBD offering.”
With large floor plates of 2300sq m over three levels, M1 Connect provides a rare corporate office opportunity, with the flexibility to subdivide from 150sq m.
“Typically, big businesses or those looking to expand resort to spreading across multiple floor plates or tenancies,” Ms More said.
“M1 Connect provides corporate tenants the opportunity to consolidate their operations by securing whole floors, with a range of options for small to medium businesses also available.”
M1 Connect is positioned close to two of the Gold Coast’s highest growth suburbs and fastest growing regions in the nation – Pimpama and Coomera.
“The Gold Coast has a dominance of SME’s where decisions makers seek headquarter locations within a 5-10 minute drive time from their homes,” Ms Moore said.
“There is virtually no genuine competition in the northern Gold Coast, and with direct access to the M1 to the north and south, easy access to public transport and secure free off-street parking M1 Connect is a unique offering if people are looking to shift from the conventional CBD markets.”
Local business Vested Equities has secured 160sq m on level 1 on a seven-year lease and is relocating from prominent commercial building 50 Cavill Ave in Surfers Paradise.
“We don’t need to be in a CBD location, what is most important is that we are positioned in a convenient location for our people,” director Stuart Mcclure said.
“We have staff living all over the Gold Coast as well as a small Brisbane team that often travels down to work with us on-site.”