2016 Office Market Report
The Property Council has today released its 2016 January Office Market Report.
In the Brisbane CBD vacancy rates remained steady at 14.9 per cent in the 6 months to January 2016. While vacancy rates in Brisbane’s fringe declined slightly, from 12.6 to 12.5 per cent over the same period.
The influx of new CBD office space is expected to exceed 190,000 sqm in 2016, with 180 Brisbane, 480 Queen Street and 1 William Street all coming onto the market.
On the Gold Coast, office vacancy declined by 1.2 per cent over the last six months, dropping to 13.6 per cent. While on the Sunshine Coast, vacancy decreased by 2.7 per cent over the last twelve months, dropping to 9.2 per cent.
The Property Council's press releases for Brisbane, the Gold Coast and the Sunshine Coast can be downloaded below.
A copy of the 2016 Office Market Report can be purchased here.