Tag: office vacancy

Australian Rental Vacancies Reach 16-year Low as Market Heats up

The residential rental vacancy rate across Australia has fallen to a 16-year low as the country looks forward to the reopening of its international borders for tourists after two years of isolation. SQM Research revealed rental vacancy rates fell sharply to 1.3 percent in January, a drop of 0.3 percent from December and 0.7 percent…


Office Vacancy Rate at Over 20-Year High Across Australia

The vacancy rate for Australian office spaces has reached a 24-year high with a reduced demand amid the CCP virus pandemic, while at the same time significant amounts new supply have been added to the market. The Property Council of Australia Office Market Report for the six months leading to January 2021 found the vacancy…