This edition explores the factors which have supported the rise in occupier and investor demand across Australia’s office sector. Growing global capital allocations and the strength across the occupier environment have been accretive to investment performances.
The national office vacancy rate reduced to the lowest level since 2012. This is largely attributed to the continued growth in occupier demand across Sydney and Melbourne, and improved conditions across the other major markets. However, we also assess the impacts of supply-side constraints and long-term trends which have affected Australia’s labour supply and employment composition.
The pack also includes the latest Sector Updates which provide insights and key indicators for the Office, Industrial and Retail Sectors.