Research
Australian Office Market Overview 4Q21
4Q21 statistics on the national Australia Office markets.
February 14, 2022
National CBD office market net absorption recorded a third straight quarter of positive demand, totalling 62,900sqm in 4Q21. Overall annual net absorption totalled 29,700sqm for 2021, the strongest annual result since 2018. All CBD markets recorded positive demand, to varying degrees over the quarter.
CBD prime effective rental growth was flat over 4Q21, indicating effective rents have likely hit their cyclical low (on a weighted average basis across the CBD markets).
Investment activity ended the year strongly with AUD 5.38 billion of office transactions recorded in 4Q21, bringing total office transaction volumes in 2021 to AUD 15.87 billion.
