Australia
Sydney to welcome 33,300sqm of new retail space by year-end
Four of the six projects to be completed are neighbourhood centres.
Sydney to welcome 33,300sqm of new retail space by year-end
Four of the six projects to be completed are neighbourhood centres.
Six industrial projects to complete in Perth by end-2022
The projects will add 73,500sqm of fresh stock.
Brisbane to see 23 new industrial projects completed in H2
The projects will add 269,600sqm of new supply to the market.
Sydney industrial takeup declines 41% in Q2
Takeup only totalled 137,000sqm.
Adelaide industrial rents up 4.4% in Q2
Gross takeup grew 82.2% during the quarter.
Melbourne industrial gross takeup drops 26% to 285,100sqm in Q2
The drop was driven by a lack of available space.
Sydney CBD’s total office space stock now at 5.2m sqm
The Quay Quarter Tower recently added 88,000 sqm of premium office space.
Melbourne CBD office vacancy hits 15% in Q2
This is almost as high as the record levels in 1999.
Perth CBD office vacancy rate rises to 20.1% in Q2
It grew by 0.4 percentage points.
Brisbane CBD office vacancy rate hits 15.4% in Q2
It’s still higher than the 10-year quarterly average of 15.3%.
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.
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