Australia
Three things that prove the flight to quality trend persists in Australia’s office sector
Flight to core and flight to CBD themes are now more evident than ever.
Three things that prove the flight to quality trend persists in Australia’s office sector
Flight to core and flight to CBD themes are now more evident than ever.
Sydney’s home rental pressures “unlikely to abate”: JLL
Blame it on the insufficient new supply.
Queensland retail rents record its largest quarterly movement since Q1 2022
CBD rents declined 2.5% in Q2.
Sydney beats other Australian cities in hotel investment volumes
Over AUD1.6b worth of transactions took place over the past 18 months to June 2023.
Melbourne residential rent recovery continues
Asking rents for 2-bed units increased by 15.9% over the past year.
Brisbane apartment demand to gain momentum over the next year
This will be driven by strong regional population growth.
Sydney CBD retail rents drop by nearly 10% in Q2
This is the largest rental movement in this subsector.
Melbourne to add 58,500sqm of new retail space in H2
This consists primarily of neighbourhood centres.
Adelaide to see one of the largest new retail supply wave in its history
Nearly 62,000sqm of retail space is currently under construction.
Perth industrial leasing activity still below two-year quarterly average
Gross takeup reached 41,300sqm in Q2.
Brisbane CBD prime net effective office rents up 5.1% in Q2
And PNER in the Near City grew 2.0%.
Melbourne new industrial completions hit 163,600sqm in Q2
This reflects a 192% q-o-q increase.
Brisbane industrial gross take-up now below 10-year historical average
Take-up was only 126,090 sqm in Q2.
What was the biggest industrial completion in Adelaide in Q2?
It was a 15,400sqm expansion for a meat processing plant.
Perth retail completions underperform the 10-year average
Completions reached 42,000sqm over the last 12 months.
Canberra records -3,100 office net absorption in Q2
But this was partly offset by some positive moves in the market.
Adelaide adds 21,000sqm to its office supply pipeline in Q2
Thanks to Kyren Group’s Franklin Street project.
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