Melbourne Office Market Overview - Sept 2017
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New supply in the Melbourne CBD office market will be significantly constrained over the next 12 months, with vacancy projected to fall to 10-year lows by mid 2018.
Strong employment growth across Victoria has supported above average levels of net absorption, with the Melbourne CBD recording the highest volume nationally in the 12 months to July 2017.
Strong investment volumes have been recorded in the year to date with $2.2 billion transacted, 12% above the 2016 total. Offshore purchasers have accounted for 56% of total sales.