CBD office occupancy rises as workers trickle back

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CBD office occupancy rates are slowly rising back toward pre-COVID norms as restrictions ease and workers return:

The rates are compiled by the Property Council of Australia based on responses from 102 office landlords, who collectively own or manage the majority of central business district office buildings.

“The shift is on and more CBD workers are coming back to their offices, which is an important step in Australia’s economic recovery,” chief executive Ken Morrison said.

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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.