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Research

Report

Melbourne: How Tight Is Tight?


In previous market downturns, vacancy has risen to a rate above the long-term average and recovery has then absorbed additional space without a rise in rental rates. However, on this occasion, the Melbourne CBD has a vacancy rate of 6.6% and demand has surprised on the upside in the 2009-10 financial year. This short report focuses on availability and outlook for prime grade space.

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