Office market report
Australia's divergent office markets are about to be hit with a super-cycle of low supply...[and] demand will drive vacancy rates down across our CBDs.
Ken Morrison, Chief Executive - Property Council of Australia.
Covering approximately 4,500 office buildings in over 30 office markets around Australia, the Office Market Report includes historical data since January 1990 for total stock, vacancy, supply, withdrawals and net absorption, with a comprehensive list of future supply and development details.
- The Australian CBD office vacancy rate remained steady over the six months to January 2017 (falling from 11.0 per cent to 10.9 per cent)
- Demand for office space grew over three and a half times the historical average in Melbourne and over five times the historical average in Brisbane
- Sydney and Melbourne CBDs (with vacancy rates of 6.2 per cent and 6.4 per cent respectively) continue to demonstrate strong office market performance
- Australia’s divergent office markets are about to be hit with a super-cycle of low supply.
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