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Office Investment Review

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Welcome to Office Investment Review (OIR), JLL's property microsite that features statistical data on the office investment markets across Australia, including Adelaide, Brisbane, Canberra, Melbourne, Perth and Sydney.

Market Update: Data from the six major cities analysed

  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    2.13
    New Supply (sqm)
    (last 12 months)
    0.0
    Net Absorption (sqm)
    (last 12 months)
    8,855
    Vacancy 11.7%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 315
    Secondary Gross Effective 245
    Yields
    Prime
    6.25%-8.75%
    Secondary 8.5%-12.5%
  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    1.41
    New Supply ('000 sqm)
    (last 12 months)
    12,658
    Net Absorption (sqm)
    (last 12 months)
    -1,050
    Vacancy 16.7%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 269
    Secondary Gross Effective 182
    Yields
    Prime
    6.00%-7.75%
    Secondary 8.00%-9.50%
  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    5.12
    New Supply (sqm)
    (last 12 months)
    249,858
    Net Absorption (sqm)
    (last 12 months)
    47,937
    Vacancy 7.3%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 857
    Secondary Gross Effective 632
    Yields
    Prime
    4.75%-5.5%
    Secondary 5.25%-6%
  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    4.73
    New Supply (sqm net)
    (last 3 months)
    126,584
    Net Absorption (sqm)
    (last 12 months)
    194,614
    Vacancy 7.5%
    Rents ($ per sqm pa)    
    Prime Gross Effective ($per sqm) $267
    Secondary Gross Effective ($per sqm $322
    Yields
    Prime
    5%-6%
    Secondary 5.5%-6.5%
  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    2.26
    New Supply (sqm)
    (last 12 months)
    75,000
    Net Absorption (sqm)
    (last 12 months)
    57,617
    Vacancy 16.4%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective $390
    Secondary Gross Effective $284
    Yields    
    Prime 5.5%-7.5%
    Secondary 6.75%-9%
  •   2017 (12 months to March 2017) Outlook for end-2017
    Total Stock
    (million sqm)
    1.76
    New Supply (sqm)
    (last 12 months)
    1,250
    Net Absorption (sqm)
    (last 12 months)
    19,630
    Vacancy 23.3%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 433
    Secondary Gross Effective 305
    Yields
    Prime
    6%-8%
    Secondary 8%-9.5%

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