Research

Sydney Office Market Dynamic Q3 2024

Market statistics

November 12, 2024
Contributors:
  • Andrew Ballantyne
  • Paul Chapko

Australian CBD net absorption totalled 91,300 sqm for Q3 2023 which was the highest quarterly result since Q3 2018. The demand result was underpinned by broad based leasing activity from a large range of industry sectors, the reabsorption of sublease space previously offered to markets and centralisation activity. However, the remains a divergence in demand outcomes between the CBD markets with this quarters positive demand result heavily supported by the Sydney CBD office market.

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