Demand remains strong in four of the six capital cities captured in our detailed survey, but it has subsided across the big two, Sydney and Melbourne. Overall, demand for CBD office space nationally is fairly stable, slightly dropping to negative territory after a year and a half of positive demand. – July 2023
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Newer commercial office towers continue to prove popular with Parramatta office tenants, with positive net absorption for A-Grade office tenancies, according to today’s Property Council of Australia Office Market Report.
Sydney CBD office market leads Australia on future supply, but vacancy increases highlight need for leadership
New data showing subdued office space demand in Sydney indicates the CBD’s strong contribution to the national economy cannot continue to be taken for granted.
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