RESEARCH
THE national office vacancy rate held steady in the March quarter, but “virtually all” relocating businesses are moving to higher-quality spaces as a trifurcation of...
Across Australia’s CBD office markets, JLL recorded 190,300 sqm of prime net absorption and negative net absorption of 233,700 sqm in secondary grade assets in...
“This is leading to a trifurcation in office markets. The highest quality buildings have strong occupancy rates, A-grade and upper B-grade are competing on the level of...
JLL head of office leasing – Australasia, Tim O’Connor said leasing enquiry and activity is positive across most office markets and the strong prime grade net absorption result...
However, options are drying up. Project completions across the whole Australian office market over the 2025 to 2026 period are just 50% of the long-term average...
The Sydney CBD recorded the strongest net absorption result, of 13,500 sqm, driven by 61,500 sqm of net absorption prime grade assets, compared with a contraction for...
Connor said the Sydney CBD net absorption result was supported by a reduction in overall sublease availability. Several organisations saw their return-to-office rate improve in...
The Melbourne CBD recorded positive net absorption of 8,100 sqm over the quarter, also supported by a reduction in sublease availability...
“While Melbourne still lags other Australian cities, we see improved utilisation rates and improved office leasing enquiry,” O’Connor said. Melbourne CBD...
“Adelaide is exposed to growth sectors of the domestic economy. This exposure is reflected in leasing enquiry and activity, with defence-related organisations active in...
The Brisbane CBD recorded an eighth successive quarter of positive net absorption, at 1,100 sqm, and its headline vacancy tightened to 11.0%. The prime grade vacancy rate...
The Brisbane near city market is following a similar trend to the CBD, recording positive net absorption of 70,000 sqm and prime gross effective rental growth of...
The Perth CBD was the only office market to record negative net absorption in the March quarter, at negative 1,300 sqm, solely attributable to secondary grade assets as...