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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: Q2 2016 Office Investment Review

The latest trends shaping the office sector landscape in Australia. Data across 6 major cities analysed
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.15
    New Supply (sqm)
    (last 12 months)
    12,607
    Net Absorption (sqm)
    (last 12 months)
    11,500
    Vacancy 13.2%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 309
    Secondary Gross Effective 248
    Yields
    Prime
    6.50%-9.00%
    Secondary 9.00%-12.50%
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.42
    New Supply ('000 sqm)
    (last 12 months)
    20.0
    Net Absorption (sqm)
    (last 12 months)
    1,000
    Vacancy 16.2%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 305
    Secondary Gross Effective 208
    Yields
    Prime
    6.25%-7.75%
    Secondary 8.00%-9.75%
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    5.1
    New Supply (sqm)
    (last 12 months)
    189,800
    Net Absorption (sqm)
    (last 12 months)
    119,100
    Vacancy 7.1%
    Rents ($ per sqm p.a)    
    Prime Gross Effective 714
    Secondary Gross Effective 503
    Yields
    Prime
    5.00%-6.00%
    Secondary 5.75%-6.50%
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    4.6m
    New Supply (sqm net)
    (last 3 months)
    -
    Net Absorption (sqm)
    (last 12 months)
    137,500
    Net Absorption (sqm)
    (last 3 months)
    56,560
    Vacancy 8.0%
    Rents ($ per sqm pa)    
    Prime Gross Effective ($per sqm) $414
    Secondary Gross Effective ($per sqm $302
    Yields
    Prime
    5.25%-6.75%
    Secondary 5.75%-7.25%
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    2.24
    New Supply (sqm)
    (last 12 months)
    92,400
    Net Absorption (sqm)
    (last 12 months)
    46,900
    Vacancy 16.6%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective $393
    Secondary Gross Effective $285
    Yields    
    Prime 5.75%-7.75%
    Secondary 7.00%-9.50%
  •   End-Jun 2016 12-Month Outlook
    Total Stock
    (million sqm)
    1.77
    New Supply (sqm)
    (last 12 months)
    134,600
    Net Absorption (sqm)
    (last 12 months)
    -24,200
    Vacancy 24.6%
    Rents (AUD per sqm p.a)    
    Prime Gross Effective 453
    Secondary Gross Effective 324
    Yields
    Prime
    6.00%-8.25%

Office Investment Review - Australia, Q2 2016

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