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Office Investment Review

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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.

OIR: Q3 2016 Office Investment Review

The latest trends shaping the office sector landscape in Australia. Data across 6 major cities analysed
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.15
    New Supply (sqm)
    (last 12 months)
    4,926
    Net Absorption (sqm)
    (last 12 months)
    8,200
    Vacancy 13.0%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 310
    Secondary Gross Effective 250
    Yields
    Prime
    6.50%-9.00%
    Secondary 8.50%-12.50%
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.41
    New Supply ('000 sqm)
    (last 12 months)
    1.9
    Net Absorption (sqm)
    (last 12 months)
    -7,100
    Vacancy 16.1%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 295
    Secondary Gross Effective 198
    Yields
    Prime
    6.25%-7.75%
    Secondary 8.00%-9.75%
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    5.1
    New Supply (sqm)
    (last 12 months)
    159,000
    Net Absorption (sqm)
    (last 12 months)
    120,400
    Vacancy 7.2%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 754
    Secondary Gross Effective 554
    Yields
    Prime
    4.88%-5.75%
    Secondary 5.50%-6.25%
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    4.3m
    New Supply (sqm net)
    (last 3 months)
    105,500
    Net Absorption (sqm)
    (last 12 months)
    159,100
    Net Absorption (sqm)
    (last 3 months)
    67,500
    Vacancy 8.9%
    Rents ($ per sqm pa)    
    Prime Gross Effective ($per sqm) $430
    Secondary Gross Effective ($per sqm $316
    Yields
    Prime
    5.25%-6.50%
    Secondary 5.75%-7.00%
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.24
    New Supply (sqm)
    (last 12 months)
    117,736
    Net Absorption (sqm)
    (last 12 months)
    47,378
    Vacancy 16.3%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective $391
    Secondary Gross Effective $285
    Yields    
    Prime 5.50%-7.75%
    Secondary 7.00%-9.50%
  •   End-Sep 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.77
    New Supply (sqm)
    (last 12 months)
    86,400
    Net Absorption (sqm)
    (last 12 months)
    -21,600
    Vacancy 24.7%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 448
    Secondary Gross Effective 316
    Yields
    Prime
    6.00%-8.00%

Office Investment Review - Australia, Q3 2016

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