Australia
Why Sydney recorded negative net office absorption in Q4
Seven out of 10 office markets saw negative demand during the quarter.
Why Sydney recorded negative net office absorption in Q4
Seven out of 10 office markets saw negative demand during the quarter.
Adelaide industrial take-up in Q4 breaches 2-year average
Gross take-up hit over 50,000sqm during the quarter.
Melbourne adds over 230,000sqm of industrial supply in Q4
Over half of the completions were in the West precinct.
Perth CBD office vacancy rate stable at 17.3% in Q4
Net absorption was at 7,100sqm.
Brisbane residential market to remain mired in under-supply woes
Rents and prices are expected to grow in the medium term.
Melbourne CBD office demand at its weakest since 2020
Net absorption was at -68,300sqm in Q4 2023.
One new luxury hotel opens in Sydney in Q4
The world’s largest W Hotel recently added 586 rooms to the city’s stock.
Canberra to see 72,700sqm of new office stock in 2024
Analysts expect tenants to relocate from the older offices to the newer buildings.
Brisbane CBD office vacancy rate hits 4-year low of 11.1% in Q4
Net absorption was at 9,200sqm during the quarter.
Adelaide office absorption tapers off from all-time highs
The city recorded negative absorption in Q4 following the record highs in Q3.
Brisbane apartment supply shortages worsen
Only 2,000 apartments are expected to be completed this year.
Perth’s largest retail transaction since 2019 revealed
It was a deal worth nearly AUD500m.
Sydney to see six new hotels in the near term
These hotels will add over 1,400 rooms to the market.
Melbourne residential supply to stay moderate over the next few years
Approximately 4,700 apartments will be completed in Inner Melbourne this year.
Perth CBD office demand grows for eighth consecutive quarter
Net absorption hit 22,300sqm in Q3.
Sydney CBD records steepest negative office demand in Q3
Net absorption in the area was -25,100sqm during the quarter.
Adelaide new industrial supply declines for third consecutive quarter in Q3
There was only 31,600sqm of new stock during the quarter.
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