Data from the Property Council of Australia shows that the national office vacancy rate increased from 11.6% to 11.9% in the first six months of 2021 – the highest vacancies in a quarter of a century.
Melbourne recorded a sharp fall in demand for office space during the half-year, while Mark Curtain of CBRE says it is too soon to determine the impact of Sydney’s extended lockdown on demand during the second half of the year.
The national CBD vacancy rate rose slightly to 11.2 per cent, while the non-CBD vacancy rate increased from 13% to 13.6%:
