Australia
Sydney to see five new office projects this year
Sydney to see five new office projects this year
The projects will yield over 85,000sqm of new space.
Ten prime office projects currently under construction in Melbourne CBD
These projects will deliver over 205,000sqm of new stock by early 2026.
Perth CBD prime net effective office rents to grow by 5.1% in 2025
Rents grew by 3.0% in Q2 2024.
Perth retail rents to grow by up to 2.7% annually until 2028
The regional subsector is expected to see the biggest growth.
Adelaide Q2 industrial gross take-up underperforms two-year average
Occupier demand was at 22,401 sqm during the quarter.
Sydney retail stock to increase by 40,700sqm by year-end
This will be from nine new developments.
Brisbane apartment supply to remain very limited
The city is expected to endure several more years of limited supply.
Brisbane industrial occupier demand remains below the 10-year average
Occupier demand was only at 60,661sqm in Q2.
Western Sydney gross take-up hits 470,000sqm in H1 2024
It is well above the pre-covid average of 400,000sqm.
Sydney hotel supply to grow by 5.1%
Thanks to six new hotels currently under construction.
Canberra office vacancy rates to grow as new completions enter the market
Three new office projects will bring over 45,000sqm of new stock.
Smaller occupiers to support Brisbane office demand into 2025
These occupiers are expected to expand office space in the near term.
Melbourne adds 69,000sqm of new CBD office supply in Q2
There is a further 73,100sqm of space currently under construction.
Adelaide records 52,700sqm of new office space under construction
The largest project is a 21,700sqm office tower.
Sydney CBD office vacancy rate inches up to 12.2% in H1 2024
Large occupiers are moving outside of the city.
Canberra Grade B office rents up 0.9% in Q2
Meanwhile, Grade A office rents rose by 2% during the quarter.
Australia office completions below 10-year historical average
The new completions in H1 2024 are 56% below the average.
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