Australia
Melbourne industrial gross takeup drops 26% to 285,100sqm in Q2
The drop was driven by a lack of available space.
Melbourne industrial gross takeup drops 26% to 285,100sqm in Q2
The drop was driven by a lack of available space.
Sydney CBD’s total office space stock now at 5.2m sqm
The Quay Quarter Tower recently added 88,000 sqm of premium office space.
Melbourne CBD office vacancy hits 15% in Q2
This is almost as high as the record levels in 1999.
Perth CBD office vacancy rate rises to 20.1% in Q2
It grew by 0.4 percentage points.
Brisbane CBD office vacancy rate hits 15.4% in Q2
It’s still higher than the 10-year quarterly average of 15.3%.
Adelaide office net absorption turns negative for the first time in a year
Quarterly net absorption was at -11,800sqm in Q2.
Brisbane to see 1,368 new hotel rooms by 2024
Room supply increased by 7.1% per annum between 2014 and 2019.
Melbourne adds 1,311 new hotel rooms to its supply in H1
Over 2,000 rooms were added to the inventory in 2021.
Melbourne adds 1,311 new hotel rooms to its supply in H1
Over 2,000 rooms were added to the inventory in 2021.
Sydney’s hotel room inventory hits 21,632 in 2021
This is a 3% increase from the previous year.
Australian industrial property sector to see solid demand in the long-term
Rising transportation costs is one of the key reasons.
Sydney CBD prime office rents rise 2.1% in Q2
This is the fastest increase since 2017.
Why Canberra always has the lowest office vacancy rate amongst Australian cities
Its vacancy rate was at 5.5% in Q1, one of the lowest in the world.
Sydney hotel occupancy improves to 40.5% in Q1
Occupancy was at 37.4% in the same period last year.
Melbourne retail completions to jump 76% in 2023
But completions will still be below historical levels till 2025.
Sydney’s retail space completion at its lowest levels in two years
There was only 15,700sqm worth of retail space completed in Q1.
Perth’s retail supply pipeline remains elevated amidst uncertainties
Plans for seven new projects yielding 89,300sqm have been approved.
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Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024
![Al Mouj Muscat's Business Park wins Office Development of the Year - Oman at Real Estate Asia Awards 2024]()
Co-Written / Partner
It sets new standards for office developments with its striking design and strategic location.
It sets new standards for office developments with its striking design and strategic location.
