Dexus adopted a fitted suites strategy to capture ongoing demand from small space users and maximise cash flows.


  • Demand for office space from small to medium sized businesses has continued to increase in recent years 
  • To capture this demand, DEXUS adopted a suites strategy whereby it speculatively fitted out suites across vacant floors in its office portfolio 
  • Dexus more than doubled its production of suites in FY16, building 110 suites over 25,152 square metres


  • Of the 110 suites built in FY16, 84 have been leased across 18,832 square metres with average downtime of only 3 months 
  • The take up of suites has been strong at properties like 45 Clarence Street, 56 Pitt, Australia Square, as well as premium properties such as 1 Farrer and Grosvenor Place 
  • By undertaking a speculative fitout ahead of leasing the space, DEXUS has been able to minimise downtime and leverage its scale to procure more cost effective fitouts 
  • Dexus is well placed to capture market upside on suite tenancies in Sydney and Melbourne as leases expire over the the next two to five years.
As at 30 June 2016.