Australia Sydney CBD Office Marketbeats - September 2018 19 June 2019
The Sydney CBD’s latest vacancy rate was recorded at just 4.6%, highlighting that landlord favourable conditions are still in full effect. Cushman & Wakefield’s office market forecast and responses from a survey of market professionals‡ both suggest that the vacancy rate will continue to tighten to around 4% over the year ahead. In the year to July limited space availability stymied net absorption to just 9,489sqm.
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