VIDEO: Jones Lang LaSalle CBD office leasing update

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