Australia National
Office Market
Overview 2Q20

2Q20 statistics on the national Office markets.

August 10, 2020

The Australian office market has been negatively impacted by economic downturn caused by the COVID-19 outbreak. As we enter the first recession in 28 years, it is expected sublease space and vacancy will increase. We anticipate by year end, national office yields will have softened and effective rents will have corrected to varying degrees across the Australian office markets.

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