“It’s Now Official: Offices are the Go!”

Over the past month or so, I’ve been making certain predictions about the Office markets around Australia.

But in a recent survey, the Property Council of Australia (PCA) now makes all of that official: Office vacancy levels have fallen to 9.5% overall — down from 10% in mid-last year. And this has been driven by strong growth in the mining and financial sectors. [Read more…]

State of the Commercial Market?

CBD Office Vacancies

CBD Office Vacancies

As you would expect, the financial turmoil worldwide has had a significant effect on most property markets. However, the effect has not been the same across the board.

The current state of the various CBD office markets is probably your best barometer of future activity for two reasons. First, the Property Council of Australia (PCA) conducts six-monthly surveys to establish the CBD vacancy rates right around Australia.
[Read more…]