Sydney CBD Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Sydney CBD, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- Sydney Office continues to tighten, driven by tenant demand and domestic and foreign capital
- The total vacancy rate fell to a 10 year low of 4.1% in December 2018
- Leasing activity was boosted by pre-commitments as a result of limited available space
- Rental and capital growth continued with signs of upwards growth until the next development cycle nears completion in 2019/20