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Office Investment Review

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Q3 Office Investment Review

Welcome to Office Investment Review, Jones Lang LaSalle's property microsite that features statistical data on the office investment markets across Australia, including Sydney, Melbourne, Brisbane, Adelaide, Canberra and Perth. We have also included links to our latest research publications and you can search for available properties for sale and lease across the country.

If you would like more granular-level details for any office investment market across Australia, please contact our Head of Office Investments, Rob Sewell.

 

Sydney CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
4.99
New Supply (sqm)
(last 12 months)
85,635
Net Absorption (sqm)
(last 12 months)
-51,780
Vacancy 10.7%
Rents (AUD per sqm p.a)
Prime Gross Effective 607
Secondary Gross Effective 390
Yields
Prime (Core) 6.00% - 7.50%
Secondary (Core) 7.00% - 8.25%

Contacts

Rob Sewell
Head of Office Investments - Australia
+ 61 2 9220 8315

John Talbot
Managing Director, Investment and Advisory Group
+61 2 9220 8486

Paul Noonan
Head of Sales and Investments, NSW
+61 2 9220 8347

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Brisbane CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
2.18
Supply Additions*
(sqm) (last 12 months)
32,250
Net Absorption (sqm)
(last 12 months)
-93,910
Vacancy 14.5%
Rents (Prime gross face)
(AUD per sqm)
$705
Incentives (Months rent
free on a ten year lease)
33
Prime Yields 6.50% - 8.00%

Contacts

Rob Sewell
Head of Office Investments - Australia
+ 61 2 9220 8315

Geoff McIntyre
Managing Director, Queensland
+61 7 3231 1362

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Adelaide CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
1.366
New Supply (sqm)
(last 12 months)
73,500
Net Absorption (sqm)
(last 12 months)
4,719
Vacancy 12.9%
Rents ($ per sqm p.a)
Prime Gross Effective 353
Secondary Gross Effective 252
Yields
Prime Market 7.50%-9.00%

Contacts

Rob Sewell
Head of Office Investments, Australia
+ 61 2 9220 8315

Roger Klem
Head of Sales and Investments, SA
+61 8 8233 8824

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Perth CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
1.618
New and Refurbished Supply
(sqm) (last 12 months)
10,700
Net Absorption (sqm)
(last 12 months)
-80,800
Vacancy 9.4%
Rents (AUD per sqm)
Prime Gross Effective 768
Secondary Gross Effective 541
Prime Yields 7.25%-8.25%

Contacts

Rob Sewell
Head of Office Investments - Australia
+ 61 2 9220 8315

Nigel Freshwater
Head of Sales and Investments, WA
+61 8 9483 8443

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Melbourne CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
4.46
New Supply (sqm)
(Q1-Q3)
131,210
Net Absorption (sqm)
(Q1-Q3)
12,530
Vacancy 10.5%
Prime Gross Effective Rents (AUD per sqm p.a.) 382
Secondary Gross Effective Rents (AUD per sqm p.a.) 286
Yields (prime market) 6.25 - 8.00%

Contacts

Rob Sewell
Head of Office Investments, Australia
+ 61 2 9220 8315

Robert Anderson
Head of Sales and Investments, Victoria
+61 3 9672 6588

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Canberra CBD

  End - September 2013 12-Month Outlook
Total Stock
(million sqm)
2.14
New Supply (sqm)
(last 12 months)
108,700
Net Absorption (sqm)
(last 12 months)
79,600
Vacancy 11.4%
Rents (AUD per sqm p.a)
Prime Gross Effective 324
Secondary Gross Effective 256
Yields (prime market) 7.00 - 9.50%

Contacts

Greg Lyons
Head of Sales and Investments, ACT
+61 2 6274 9882

Andrew Ballantyne
Director, Research and Consulting
+61 2 9220 8412

Previous 
  • Rob Sewell  

    Rob Sewell
    Head of Office Investments - Australia
    +61 2 9220 8315

     

  • Andrew Ballantyne  

    Andrew Ballantyne
    Director, Research and Consulting
    +61 2 9220 8412

     

  • John Talbot  

    John Talbot
    Managing Director, Investment and Advisory
    +61 2 9220 8486

     

  • Simon Storry  

    Simon Storry
    Head of International Investments - Australia
    +61 2 9220 8439

     

  • Robert Anderson  

    Robert Anderson
    Head of Sales and Investments, Victoria
    +61 3 9672 6588

     

  • Paul Noonan  

    Paul Noonan
    Head of Sales and Investments, NSW
    +61 2 9220 8347

     

  • Geoff McIntyre  

    Geoff McIntyre
    Managing Director, Queensland
    +61 7 3231 1362

     

  • Nigel Freshwater  

    Nigel Freshwater
    Head of Sales and Investments, WA
    +61 8 9483 8443

     

  • Greg Lyons  

    Greg Lyons
    Head of Sales and Investments, ACT
    +61 2 6274 9882

     

  • Roger Klem  

    Roger Klem
    Head of Sales and Investments, SA
    +61 8 8233 8824

     


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