Office forecasts upbeat for the future

Office forecasts upbeat for the futureIn the latest Consensus Forecasts Office, David Cannington, senior property analyst at ANZ, says despite current market fundamentals remaining soft, the outlook for the office property market is improving.The Property Council’s Spring 2014 Consensus Forecasts Office is a supplement to the Office Market Report and provides users with access to industry expert opinions. These include some of Australia’s foremost economists ranking the best-performing markets in the short to medium term throughout Australia.The Forecasts, released last week, contain:an economic overview from industry analysts’Capital City Consensus’, which details six leading performance indicators – supply, demand, vacancy, rent, incentives and yield – for each capital citythe opinions of eight national experts on the best-performing market for 2014, based on future demand, returns, rental growth, incentives and capital growth; andexpert commentary from forecasters for each capital city and non-CBD markets that canvass future vacancies, absorption, supply, rent and yields.To order the July 2014 Office Market Report and Spring 2014 Consensus Forecasts Office, visit the Bookshop