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CBD Offices Can Expect Solid Growth

CBD Offices Can Expect Solid Growth

What a difference a year can make to Office markets around Australia.

Twelve months ago, the rest of the world was anticipating double-dip recession.

And white-collar employment was looking rather fragile here in Australia — particularly for Sydney, with its high exposure to the finance industry.

Even so, Melbourne’s office leasing market remained strong throughout all of last year.

However, it was not until the second half of the year that other capital cities started to see an increase in leasing activity.

This recent Colliers’ confirmed that a number of vacant office towers in Sydney have begun to fill. However, the mining-based cities off Brisbane and Perth still have a significant overhanging of space, from their huge development phase.

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