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The overall vacancy rate has continued to decline, down from 4.1% as of January 2019 to 3.7% as of July 2019, which is now at its lowest level since July 2008.
The overall vacancy rate has continued to decline, down from 14.7% as of Jul-18 to 11.9% as of Jul-19. The decline in vacancy is driven largely by strong demand and limited new supply.
The vacancy rate in Adelaide continues to drop from its peak at the end of 2016 of 16.2%, with the vacancy rate now at 12.8% - a 1.9% decrease from January 2019.
The vacancy rate in Melbourne CBD had reached a 10-year low as of Jan 2019 and during the second half of the year the vacancy is expected to remain tight.