Australia
Melbourne records positive office net absorption for third consecutive quarter
Melbourne records positive office net absorption for third consecutive quarter
Melbourne CBD office saw net absorption of 12,700 sqm in 4Q21.
Brisbane’s office leasing market dominated by large occupiers
Tenants requiring over 1,000sqm accounted for 8,900 sqm of gross take-up in the CBD alone.
Adelaide office net absorption nearly hits 10-year high in 4Q21
The city recorded net absorption of 11,900 sqm during the quarter.
What you need to know about Australia’s apartment rental market right now
Rents in Sydney and Melbourne have yet to return to pre-COVID levels.
Sydney to add over 150,000sqm of new office space in 2022
Gross face rents are still at $1,355 sqm per annum on average.
These factors will have a huge impact on Australian apartment prices
Prices have grown 14.2% over the year to November 2021.
Urban mixed-use projects to watch out for in South East Queensland
Retail-only projects are becoming a thing of the past.
Adelaide to see robust office occupier demand in 2022
Demand will mostly come from technology, health and the defence sectors.
Melbourne records second highest quarter of industrial take-up
The West precinct accounted for 73% of the total activity in Q3 2021.
Canberra records over AUD250m office transactions in Q3 2021
The largest sale was worth nearly AUD100m.
Brisbane office vacancy declines for the first time since 4Q19
Vacancy rate fell to 15.8% in the CBD in Q3 2021.
Sydney records robust office supply pipeline with 21 projects underway
These projects will yield 396,900sqm of office space.
Australian property investors turn to alternative sectors
The ‘hunt for yield’ is motivating them to look beyond the traditional markets.
Australian hotel transactions surge 71% to US$197m in Q3
There were a total of eight hotel investment transactions during the quarter.
Adelaide records second highest annual industrial gross take-up
The amount of warehouse space leased in the city so far in 2021 reached 243,400sqm.
These two sectors dominate Perth’s industrial occupier activity
These sectors combined account for 81% of overall take-up recently.
Logistics accounts for over a third of Australia’s overall leasing take-up
Around 450,000 sqm of logistics space was absorbed in Q3 2021 alone.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
