Australia

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.

Five projects to add 200,000sqm to Brisbane’s new office supply 

The largest project spanning 69,000sqm began construction in Q1.

Sydney bound to record its lowest office development activity since 2012

Only 19,791sqm of new office stock is expected to be completed in the CBD this year.

Melbourne CBD prime office rents dip 0.5% in Q1

Rents in fringe areas fell a further 1.1% in the same period.

Eight new office projects to be completed in Sydney CBD by next year

These projects will add a total of over 212,100sqm to the city’s stock.

Adelaide overall office vacancy rate down to 16.1% in Q1

But prime office vacancies remain elevated at 17.5%.

Why Canberra recorded -1,300sqm office net absorption in Q1

The headline vacancy rate increased to 7.8% in the same period.

Build-to-rent projects get a boost in Western Australia

The Managed Investment Trust tax for BTR projects was halved from 30% to 15%.

Why Brisbane CBD’s office sector is enjoying robust tenant activity

The flight-to-quality is attracting more workers to go into the offices.

Canberra’s total office stock hits 2.2m sqm

The most recent addition was an 8,000sqm office completed in Q1.

Australia’s retail transaction volumes breach 10-year historical average in Q1

Q1 volumes hit AUD1.3b, surpassing the 10-year average of AUD879m. 

Melbourne retail sales volumes hit AUD408m in Q1

This amount represents four transactions.