Australia National Office Market Overview 3Q20

3Q20 statistics on the national Australia Office markets.

October 08, 2020

The negative economic impact caused by COVID 19 continues to flow through Australia’s office markets. Consolidation activity and sublease space continues to increase across the country, placing upward pressure on office market vacancy rates. vacancy rates. Face rents broadly held firm over the quarter, although incentives increased, to vary degrees, across all the office markets, which negatively impacted effective rents.

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