Australia National Office Market Overview 4Q20

4Q20 statistics on the national Australia Office markets.

February 17, 2021

The economic impacts associated with COVID-19 continue to dampen demand for office space, with occupiers contracting or subleasing space, placing upward pressure on vacancy rates. Face rents broadly held firm, although incentives increased, to vary degrees, which negatively impacted effective rents.

Investment activity continued to improve in the final quarter with investment volumes reaching AUD 3,187.1 million across 27 sales in 4Q20. This brings the year to date (YTD) total to AUD 9,101.9 million which is the lowest year of investment activity since 2011.

Fill out this form to download report

There was an error submitting the form. Please try again. 


Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally, the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.