Australia
Sydney hotels' occupancy rates down to 66.6% in the year ending June 2020
Sydney hotels' occupancy rates down to 66.6% in the year ending June 2020
The COVID shock was most apparent in April as occupancy dropped to 21.8%.
Gross take-up of industrial spaces in Sydney hits record highs in Q2 amidst e-commerce boom
Sydney recorded a total of 476,300 sqm of gross take-up in 2Q20, more than six times higher than the 1Q20 total and more than twice the 10-year quarterly average.
Build-to-Rent model gains traction in Australia with 8,000 units expected to be completed over five years
Savills reveals that Australia is closely following UK's decade-long Build-To Rent growth spurt. Accelerated by the emergence of COVID-19, new ways of living and working throughout Australia are emerging and growing in popularity, at a time when people are increasingly becoming isolated and craving connection.
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