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New Vacancy Figures

Added on Mon 6 February, 2012, 10:08 am

The property council of Australia recently released statisics on office vacancy rates around the country.

 

Across the 26 CBD + suburban office markets they report the vacancy rate fell to 7.9% at the end of January 2012, which is the lowest rate since 2009.

 

Mining had a positive impact to Perth and Brisbane markets.

 

Weak demand from Sydney’s financial sector has not had a positive influence on demand. 

 

Little new stock has been build which has contributed to the reduction in vacancy rates.

 

North Ryde vacancy rates have fallen from 9.9% to 8.2% (Australian Financial Review 03/02/12)representing a reduction from previous years.

 

 

Australian Financial Review 03/02/12 Pg 43

Best office space in North Ryde, Macquarie Park