According to a new report, demand for office space in Australia’s Central Business Districts (CBD) has defied expectations by remaining surprisingly solid, except Melbourne, which has dropped to its lowest level on record. The Property Council of Australia’s (PCA) Office Market Report revealed that overall CBD vacancy edged higher from 11.1 to 11.2 percent in the six months to July. “Australia’s office markets have shown remarkable resilience over the past six months, with overall aggregate vacancy levels only increasing slightly,” PCA CEO Ken Morrison said in a statement. Outside of Sydney and Melbourne, the vacancy rates declined in all other capital cities. Canberra is currently sitting on the lowest vacancy in the country, dropping to 7.7 percent. While numbers show a rise in vacancy for Sydney, it is the result of a significant amount of new office space entering the market. Morrison noted that demand had actually increased. Commercial real …