Australia
Brisbane CBD prime net effective office rents up 5.1% in Q2
And PNER in the Near City grew 2.0%.
Melbourne new industrial completions hit 163,600sqm in Q2
This reflects a 192% q-o-q increase.
Brisbane industrial gross take-up now below 10-year historical average
Take-up was only 126,090 sqm in Q2.
What was the biggest industrial completion in Adelaide in Q2?
It was a 15,400sqm expansion for a meat processing plant.
Perth retail completions underperform the 10-year average
Completions reached 42,000sqm over the last 12 months.
Canberra records -3,100 office net absorption in Q2
But this was partly offset by some positive moves in the market.
Adelaide adds 21,000sqm to its office supply pipeline in Q2
Thanks to Kyren Group’s Franklin Street project.
Sydney gross industrial takeup recovers for the first time since Q1 2022
Gross takeup reached over 300,000sqm in Q2.
What was the most notable office project completed in Melbourne in Q2?
It was the refurbishment of an 8,000sqm property.
Sydney’s office sector records -35,000sqm net absorption in Q2
Find out which firms drove this negative absorption.
Perth CBD office vacancy rate drops to 18.5% in Q2
Net absorption was at 18,000sqm during the quarter.
Adelaide CBD’s secondary office vacancy rate reaches record lows since 2012
Secondary vacancy was at 14.2% in Q2.
Where does Australia stand in the APAC data centre market?
Australia currently has 1,145MW operational, 265MW under construction and 1443MW planned data centres.
Brisbane’s muted apartment demand won’t last long: JLL
Strong regional population growth is expected to drive demand.
Melbourne residential rents now at 6% above pre-COVID levels
The rental rebound in the city has gained momentum.
Sydney’s hotel inventory to grow by 5.7% this year
There are five new hotels currently under construction in the CBD.
Sydney to see 60,000sqm of new retail stock by end-2023
Over 60% of the stock will be neighbourhood centres.
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
