Working from home crushes office rents

Friday, 3 July 2020

Earlier this week, Roy Morgan Research reported that around one third of employed Australians have been working from home (WFH), with 36% of capital city workers WFH:

As shown above, so-called ‘knowledge’ industries concentrated in Australia’s CBDs have been most impacted by WFH.

The impact on CBD occupancy rates has been dramatic, according to The AFR:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.