Australia
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.
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.
Canberra office vacancy rate hits 14-year low of 5.5% in Q1
Net absorption reached a total of 12,600sqm during the quarter.
Melbourne CBD office vacancy slips 0.2ppts to 14.8% in Q1
The city recorded negative net absorption during the quarter.
Brisbane industrial demand below 10-year quarterly average
Occupier demand was at 108,400sqm in Q1.
Sydney net office absorption drops to -8,900sqm in Q1
Blame it on major occupiers vacating their offices.
Perth CBD office vacancy rate up 0.6ppts to 19.7% in Q1
New office stock completions drove vacancies up.
Australia’s 2022 retail property investment unlikely to surpass 2021 levels
Investments this year are likely to be more “tactical”.
How much new industrial supply is in the pipeline for Melbourne?
In the West precinct alone, 289,900 sqm of stock could be delivered in 2Q22.
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