The Office Market is Looking Good

While several capital cities still have a reasonably high Office vacancies, there is a general shortage of space looming.

Room to MoveTwelve months ago, it was all doom and gloom for the CBD Office markets in Perth and Brisbane — with falls expected in both rents and values. New projects were being finished, as the resources boom ground to a halt.

In Sydney … investment banks, lawyers and accountants were reducing staff in anticipation of a severe downturn in the finance sector.
[Read more…]