This year TJS Services Adelaide was the proud sponsor of the Property Council's Annual Market Breakfast Report.
The day brought a series of valuable insights to the current state of the market including data for total stock, vacancy, supply, withdrawals and net absorption.
The breakfast was topped off with one lucky attendee walking away with $2,000 worth of cleaning services from our team in South Australia.
A few key insights from the breakfast:
- The Australian CBD office vacancy rate remained steady over the six months to January 2017 (falling from 11.0 per cent to 10.9 per cent)
- Demand for office space grew over three and a half times the historical average in Melbourne and over five times the historical average in Brisbane
- Sydney and Melbourne CBDs (with vacancy rates of 6.2 per cent and 6.4 per cent respectively) continue to demonstrate strong office market performance
- Australia’s divergent office markets are about to be hit with a super-cycle of low supply.
For more information please visit the Property Council Here
Disclaimer: All key findings belong to the Property Council of Australia