The Property Council’s first face-to-face events start back on 13 August as we reveal the latest supply and demand trends from the Australian Office Market Report.
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Three key takeaways:
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The Australian Office Market Report covers around 4,000 office buildings in over 25 office markets around Australia – making it the industry’s ‘go to’ report for office supply and demand.
Historical data stretches back to January 1990 for total stock, vacancy, supply, withdrawals and net absorption. The report also provides a comprehensive list of future supply and development details.
Office markets are a great economic barometer of our cities.
January’s Office Market Report results posted some record-low vacancy rates in some markets, with the Sydney and Melbourne CBDs at less than four per cent vacancy and strong tenant demand in most other markets.
Office vacancy rates fell in five of the eight capital city markets surveyed while more than one million square metres of new office space was preparing to come onto the market in 2020.
But is COVID-19 a temporary shock or a permanent gamechanger? Are we returning to normal or entering a new normal?
With the support of series partner Brookfield Properties, the Property Council is hosting a series of both face-to-face and virtual events on 13 August to launch the report’s findings and explore these questions.
Our Canberra and Brisbane events are already sold out, but limited tickets are available for our in-person Perth and Adelaide sundowners.
Members in Sydney and Melbourne won’t miss out, with virtual events offering deep discussions as our panels unpack the insights and investigate what the industry has in store for the rest of 2020.