Research
Australian Office Market Overview Q3 2023
Q3 2023 statistics on the national Australia Office markets
November 10, 2023
Contributors:
- Andrew Ballantyne
- Paul Chapko
Three out of six of Australia’s CBD markets recorded positive net absorption over Q3 2023. Australia's CBD net absorption totalled 1,500 sqm over the quarter. A combination of withdrawal activity and a minor positive net absorption result pushed the national CBD vacancy rate down from 14.4% in Q2 2023 to 14.2% in Q3 2023.