Market reports

Western Australia continues to be a leader in the national performance rankings. Although slightly slower than the previous quarter, Population Growth remains strong at 2.8% for the year to the end of June 2024 with the WA population now over 3 million.

The Brisbane CBD vacancy rate remains comparatively low at 10.2%, outperforming other CBD markets across Australia. This is, however, a 0.7% increase from July 24 figures. This resilience is attributed to increased demand for prime-grade office space and the withdrawal of secondary-grade stock.

The Sydney CBD office market has experienced an increase in overall vacancy rates, now up at 12.8% from 11.6% in July 24, which remains above the 10-year average. This increase is attributed to an influx of new supply.

This video update offers a snapshot of current trends in the retail leasing landscape across Australia and New Zealand from the tenant perspective.

This video update offers a snapshot of current trends in the industrial leasing landscape across Australia and New Zealand from the tenant perspective.

This video update offers a snapshot of current trends in the industrial leasing landscape across Australia and New Zealand.

This video update offers a snapshot of current trends in the retail leasing landscape across Australia and New Zealand.

Melbourne's office workers continue to trail behind the rest of the country in returning to the CBD, driving the vacancy rate up from 16.6% in January 2024 to 18.0% in July 2024.