Provided by Jones Lang LaSalle, this short video provides an overview of the Q4 2012 highlights across the capital city markets of Australia.
Key points include:
16,500sqm of net absorption in Q4 2012
'below-trend' result reflects a lack of confidence across corporate Australia
Melbourne, Sydney and Adelaide recorded negative absorption figures of 40,400sqm, 15,400sqm and 1,750sqm respectively
Brisbane, Perth and Canberra all recorded positive absorption results
national CBD office market vacancy rate increased to 8.8% in Q4 2012
472,000sqm of new and refurbished space will be completed by 2015
approximately two-thirds of this space is pre-commited
Supply additions over the next two years will be well-below 25 year average
