Australia
Melbourne CBD net office absorption reaches 34,600sqm in Q1
Melbourne CBD net office absorption reaches 34,600sqm in Q1
Tenants that needed large spaces drove demand.
Adelaide’s annual retail rental growth to average 2.9% over the next five years
Growth is expected to accelerate especially in the regional areas.
Canberra net office absorption hits 4,400sqm in Q1
Smaller tenants drove the positive demand.
Adelaide adds 24,000sqm of new logistics supply in Q1
There are an additional 12 projects currently under construction.
Brisbane CBD prime office rents up 3.6% in Q1
Rents in the Near City rose faster at 4.3%.
Five hotels now under construction in Sydney CBD
These projects will add over 1,000 rooms to the hotel market.
Adelaide CBD office absorption breaches 10-year quarterly average
Net absorption hit 7,500sqm in Q1.
Australian property deals hit $5.79b in Q1
This represents a 24% YoY increase.
Melbourne retail completions hit 68,900sqm in 2024
This is a significant 68% increase from 2023’s 40,956sqm.
Sydney industrial transaction volumes hit AUD5.3b in 2024
This is a record level of sales transactions for the city.
Adelaide retail completions underperform 10-year annual average
Only two new retail centres were completed in 2024.
Perth to see five new industrial projects by 2027
The projects will yield over 71,000sqm of new industrial space.
Sydney CBD office vacancy rate to stabilise in 2025
Only two new major projects are expected to be completed this year.
Melbourne apartment supply likely to fall until 2026
Only 4,000+ new units were completed in 2024.
Perth office rents to grow by 6% annually until 2029
There is robust demand but only a limited supply.
Melbourne sees second highest annual industrial completion rate in 2024
Nearly 300,000sqm of new warehouse space entered the market in Q4 alone.
Perth retail rents to grow by 1.9% to 2.9% annually till 2029
The regional subsector is expected to experience the strongest growth.
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