Market reports

Market reports

Market Report | Q3 2024 | Office
Sydney

The Sydney CBD office market has experienced a slight decrease in overall vacancy rates, now at 11.6%, which remains above the 10-year average. This decline is primarily attributed to limited new supply and stock withdrawals. Both Prime and Secondary vacancy rates saw reductions, closing at 11.9% and 11.1%, respectively.

Market Report | Q2 2024 | Office
Adelaide

Adelaide CBD office vacancy decreased from 19.3% to 17.5%, with Melbourne now replacing Adelaide as the highest vacancy. New building vacancy is estimated at just 1%, with prime A grade vacancy reported as 20.2% and secondary vacancy 16.5%.

Market Report | Q2 2024 | Office
Brisbane

Brisbane CBD’s vacancy continues remain low at 9.5% in comparison to other CBD markets across Australia. This has been a result of the increase in demand for prime grade office space and the withdrawal of secondary grade stock.

Market Report | Q2 2024 | Office
Sydney

The overall office market vacancy rate for Sydney CBD decreased slightly to 11.6%, still high compared to the 10-year average. The lack of new supply and stick withdrawals contributed heavily to the vacancy rate falling. The Prime and Secondary vacancy rates fell, ending at 11.9% and 11.1%, respectively.

Market Report | Q2 2024 | Office
Perth

The Western Australian economy has remained relatively strong due to the resource sector despite some significant adjustments to cost structures. While population growth of 3.3% was experienced to December 2023, this growth is expected to moderate slightly in the next few years.

Market Report | Q4 2023 | Office
Sydney

The overall office market vacancy rate for Sydney CBD increased again to 12.2%, the highest vacancy rate for the past decade. Whilst vacancy rates in the Prime grade were lower than in secondary grade across the country, Sydney and Adeliade were the only outliners to this trend. 

Call us or complete the form and we'll call you.