Australia
Brisbane office vacancy rates at a 10-year low of 11.7%
There has been strong absorption in the prime office segment.
Australia prime office rents up 1% in Q2
This is the strongest growth since Q3 2023.
Perth to see 11 new industrial developments by Q3 2024
The new projects will add 91,000sqm of supply to the market.
Sydney retail supply pipeline likely to remain soft
Only 16,700sqm of new retail space was added in Q1.
Melbourne industrial rents to stabilise for the rest of 2024
There are over 900,000sqm of new space under construction.
Sydney industrial leasing demand underperforms 10-year quarterly average
Occupier activity was only 71,200sqm in Q1.
SE Queensland to see 91,000sqm of new retail space this year
Two new neighbourhood centres were completed in Q1 alone.
Melbourne residential supply imbalance to persist over the next few years
Rents are expected to see upward pressure amidst tight supply.
Sydney CBD to see 177,600sqm of new office space this year
Thanks to eight office developments currently under construction.
Perth retail completions underperform 10-year average
There were only 28,900sqm completions over the past year.
Brisbane’s apartment supply shortage will only get worse: JLL
The supply pipeline will remain lacklustre in the next few years.
Brisbane Q1 industrial take-up breaches 10-year average
Demand reached a total of 151,000sqm during the quarter.
Perth to see four new office projects in the near term
The projects will yield a total of 125,700sqm in new office space.
Sydney hotel supply to increase by 5.1%
Six new hotels are slated to add 1,173 new rooms to the market.
Small tenants drive Melbourne office demand in Q1
Net absorption in the CBD reached 8,100sqm during the quarter.
How is Adelaide’s retail supply pipeline faring?
Nearly 30,000sqm of retail space is currently under construction.
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It is part of the Singaporean property developer’s ‘reach for the sky’ strategy.
