Australia
Adelaide office net absorption turns negative for the first time in a year
Quarterly net absorption was at -11,800sqm in Q2.
Adelaide office net absorption turns negative for the first time in a year
Quarterly net absorption was at -11,800sqm in Q2.
Brisbane to see 1,368 new hotel rooms by 2024
Room supply increased by 7.1% per annum between 2014 and 2019.
Melbourne adds 1,311 new hotel rooms to its supply in H1
Over 2,000 rooms were added to the inventory in 2021.
Melbourne adds 1,311 new hotel rooms to its supply in H1
Over 2,000 rooms were added to the inventory in 2021.
Sydney’s hotel room inventory hits 21,632 in 2021
This is a 3% increase from the previous year.
Australian industrial property sector to see solid demand in the long-term
Rising transportation costs is one of the key reasons.
Sydney CBD prime office rents rise 2.1% in Q2
This is the fastest increase since 2017.Â
Why Canberra always has the lowest office vacancy rate amongst Australian cities
Its vacancy rate was at 5.5% in Q1, one of the lowest in the world.
Sydney hotel occupancy improves to 40.5% in Q1
Occupancy was at 37.4% in the same period last year.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
New Breeze by Dahua Group Australia
The project wins Masterplan Development of the Year - Australia at the Real Estate Asia Awards 2022.
Adelaide annual industrial supply to exceed 100,000sqm for three years in a row
The last time this happened was in 2005-2007.
Adelaide office vacancy rate hits record low in over two years
Headline vacancy dropped to 14.6% in Q1.
How did Perth’s industrial property market fare in Q1?
Demand was muted with just 11,400sqm of gross take-up during the quarter.
Sydney industrial take-up above 10-year quarterly average for eighth consecutive quarter
Occupier activity totalled 230,800sqm in Q1.
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1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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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.
