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Sydney Office Market Overview - Sept 2017
Report - Link
Highlights:
Poisitive tenant demand amid limited new supply has led to a decline in the Sydney CBD overall vacancy from 6.2% in January 2017 to 5.9% in July 2017, 130bps below the 10 year average of 7.2%.
Rising face rents and declined incentives have resulted in prime and secondary gross effective rents in the CBD rising by 10.3% and 16.3% respectively. over the year to July 2017.
Investment volumes are expected to pick up this year, with $2.3Billion worth of assets already transacted since the beginning of the year and more than $2.0Billion being in the pipeline.