Research

Australian Office Market Dynamics Q2 2024

National market statistics

August 07, 2024
Contributors:
  • Andrew Ballantyne
  • Paul Chapko

Australian CBD net absorption was positive for a second consecutive quarter, with demand being supported by solid pre-commitment levels in Sydney and mining sector demand in Perth. However, despite the positive demand, the Australian CBD vacancy rate trended upwards driven by the completion of new office stock and the availability of backfill space.

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