Australia
Melbourne CBD office demand at its weakest since 2020
Net absorption was at -68,300sqm in Q4 2023.
One new luxury hotel opens in Sydney in Q4
The world’s largest W Hotel recently added 586 rooms to the city’s stock.
Canberra to see 72,700sqm of new office stock in 2024
Analysts expect tenants to relocate from the older offices to the newer buildings.
Brisbane CBD office vacancy rate hits 4-year low of 11.1% in Q4
Net absorption was at 9,200sqm during the quarter.
Adelaide office absorption tapers off from all-time highs
The city recorded negative absorption in Q4 following the record highs in Q3.
Brisbane apartment supply shortages worsen
Only 2,000 apartments are expected to be completed this year.
Perth’s largest retail transaction since 2019 revealed
It was a deal worth nearly AUD500m.
Sydney to see six new hotels in the near term
These hotels will add over 1,400 rooms to the market.
Melbourne residential supply to stay moderate over the next few years
Approximately 4,700 apartments will be completed in Inner Melbourne this year.
Perth CBD office demand grows for eighth consecutive quarter
Net absorption hit 22,300sqm in Q3.
Sydney CBD records steepest negative office demand in Q3
Net absorption in the area was -25,100sqm during the quarter.
Adelaide new industrial supply declines for third consecutive quarter in Q3
There was only 31,600sqm of new stock during the quarter.
Sydney apartment rents rose by 16.8% over the past year
The pace of rental growth has shown signs of slowing.
10 industrial projects to be completed in Perth in Q1 2024
These projects will add nearly 114,000sqm to the city’s supply.
Brisbane’s Q3 industrial takeup below the 10-year average
Takeup was at 84,400sqm in Q3.
Melbourne CBD office vacancy rate stable at 16.2% in Q3
The city recorded negative net absorption of -9,800 during the quarter.
What’s driving Adelaide’s strong retail supply pipeline?
Nearly 13,000sqm of new space was completed in the last six months.
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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.
