Australia
Sydney gross industrial takeup recovers for the first time since Q1 2022
Gross takeup reached over 300,000sqm in Q2.
Sydney gross industrial takeup recovers for the first time since Q1 2022
Gross takeup reached over 300,000sqm in Q2.
What was the most notable office project completed in Melbourne in Q2?
It was the refurbishment of an 8,000sqm property.
Sydney’s office sector records -35,000sqm net absorption in Q2
Find out which firms drove this negative absorption.
Perth CBD office vacancy rate drops to 18.5% in Q2
Net absorption was at 18,000sqm during the quarter.
Adelaide CBD’s secondary office vacancy rate reaches record lows since 2012
Secondary vacancy was at 14.2% in Q2.
Where does Australia stand in the APAC data centre market?
Australia currently has 1,145MW operational, 265MW under construction and 1443MW planned data centres.
Brisbane’s muted apartment demand won’t last long: JLL
Strong regional population growth is expected to drive demand.
Melbourne residential rents now at 6% above pre-COVID levels
The rental rebound in the city has gained momentum.
Sydney’s hotel inventory to grow by 5.7% this year
There are five new hotels currently under construction in the CBD.
Sydney to see 60,000sqm of new retail stock by end-2023
Over 60% of the stock will be neighbourhood centres.
Perth’s retail supply pipeline remains soft
Over 20,000sqm of projects are expected to be completed by mid-2023.
Seven new industrial projects expected to be completed in Perth by Q4
The projects will add over 80,400sqm to the city’s stock.
This was the largest retail completion in Adelaide in Q1
It was a shopping centre spanning 4,400sqm.
Melbourne’s Q1 gross industrial takeup still 15% below 10-year quarterly average
Gross takeup was at 211,300sqm in Q1.
Sydney industrial transaction volumes up 9% to AUD851m in Q1
This figure is 67% above the 10-year quarterly average.
Brisbane sees 138,500sqm of new industrial space supply in Q1
Over 80% of these completions were pre-committed.
Perth’s office net absorption hits record highs since Q3 2018
The city’s absorption hit 27,200sqm in Q1 2023.
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