We are pleased to launch our latest Office Briefing Spotlight report. In this edition, we provide an overview of recent macro developments, and investment and leasing market trends for the major CBD office markets in Australia.

Key takeaways from the report:

• Office investment volume (+$10M) rose by 43% in 2024 to c.$10.7bn.
• Investors are focused on Sydney, with the CBD accounting for 63% of office acquisitions in 2024.
• Nationally, prime office market vacancy rose marginally to 13.4%, although vacancy declined in Perth, Adelaide, and Canberra.
• Most markets recorded effective rental growth in Q4 led by Perth and Canberra.  

Read our March 2025 Spotlight here…