Investa: Office Market Outlook

The business services economy has continued to outperform without being affected by the softness in Australia's macroeconomic setting as operating conditions benefit from a combination of subdued input prices (weak wages growth, lower interest rates), a low Australian dollar and solid growth in government spending. Even so, Australian CBD office net absorption slowed in 2019 which has been constrained by limited office supply.

The demands for office spaces remained high in Sydney and Melbourne area despite lack of supply due to tightened markets and soft net absorption. After hitting historical vacancy lows, a new tide of supply is turning upon the completion of the approaching office development pipeline.

Article and image source: Investa Inside: Office Market Outlook, November 2019 


Ray White’s top 10 listings for November: (Click on the address to view listing)

Suite 701, 111 Elizabeth Street SYDNEY

Level 3, 48 Hunter Street SYDNEY

Suite 603, 2 Barrack Street SYDNEY

Level 8/27 Macquarie Place SYDNEY

Suite 302/46 Market Street SYDNEY

Suite 2, 185 Gloucester Street SYDNEY

Suite 704, 1 Margaret Street SYDNEY

Level 1, 27 Macquarie Place SYDNEY

Whole floor, 283 Clarence Street SYDNEY

Level 3, 213 Clarence Street SYDNEY