Research

Adelaide Office Market Dynamic Q4 2024

Market statistics

February 06, 2025

Contributors:

Andrew Ballantyne
Paul Chapko

Australian CBD net absorption rebounded strongly for 2024, totalling 163,500 sqm which was the highest annual result since 2018. More than half the annual result was driven by a resurgence in demand in the Sydney CBD. Sublease availability is at the lowest level since Q2 2020 and is an indication that the majority of corporate Australia has adjusted their workspace needs to current hybrid work practices.

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