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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: Q4 2016 Office Investment Market Update

The latest trends shaping the office sector landscape in Australia. Data across 6 major cities analysed
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.14
    New Supply (sqm)
    (last 12 months)
    0.0
    Net Absorption (sqm)
    (last 12 months)
    25,000
    Vacancy 11.7%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 311
    Secondary Gross Effective 249
    Yields
    Prime
    6.50%-9.00%
    Secondary 8.50%-12.50%
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.42
    New Supply ('000 sqm)
    (last 12 months)
    12.7
    Net Absorption (sqm)
    (last 12 months)
    2,000
    Vacancy 16.9%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 282
    Secondary Gross Effective 189
    Yields
    Prime
    6.00%-7.75%
    Secondary 8.00%-9.50%
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    5.1
    New Supply (sqm)
    (last 12 months)
    238,000
    Net Absorption (sqm)
    (last 12 months)
    81,600
    Vacancy 7.7%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 799
    Secondary Gross Effective 602
    Yields
    Prime
    4.88%-5.75%
    Secondary 5.50%-6.00%
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    4.7m
    New Supply (sqm net)
    (last 3 months)
    -
    Net Absorption (sqm)
    (last 12 months)
    188,670
    Net Absorption (sqm)
    (last 3 months)
    33,770
    Vacancy 8.1%
    Rents ($ per sqm pa)    
    Prime Gross Effective ($per sqm) $448
    Secondary Gross Effective ($per sqm $318
    Yields
    Prime
    5.00%-6.25%
    Secondary 5.50%-7.00%
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.27
    New Supply (sqm)
    (last 12 months)
    133,200
    Net Absorption (sqm)
    (last 12 months)
    41,500
    Vacancy 17.2%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective $389
    Secondary Gross Effective $283
    Yields    
    Prime 5.50%-7.50%
    Secondary 6.75%-9.50%
  •   End-Dec 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.77
    New Supply (sqm)
    (last 12 months)
    0
    Net Absorption (sqm)
    (last 12 months)
    -12,700
    Vacancy 24.1%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 431
    Secondary Gross Effective 316
    Yields
    Prime
    6.00%-8.00%

Office Investment Review video update – Q4 2016

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