Commercial property vacancy rates

Australian office vacancy increased to 14.1 per cent over the six months to July, putting more towers under pressure.

The rapidly rising cost of living is leading consumers to rethink their spending habits and adding to the already challenging conditions many retailers are operating in.

This week in what you need to know in property, realestate.com.au chief economist Nerida Conisbee looks at how China’s GDP woes affect Australia, office vacancy rates and much more.

The Sydney CBD office market has tightened further as tenant demand outstrips new supply, while vacancy remains at a low level in Melbourne. This article originally appeared on theaustralian.com.au/property.

Melbourne’s office market is leading a nationwide surge amid the race for CBD space.

The decline of prime office options in Melbourne’s St Kilda Rd precinct is both a boon and a bust, depending on your outlook, one agency says.

Vacancy on inner-city Melbourne thoroughfare St Kilda Rd has fallen to its lowest level in eight years, amid predictions the precinct will one day be overwhelmingly residential-based.

Sydney CBD retailers are paying a growing premium for space in Australia’s hottest shopping market, with prime rents ballooning by more than a quarter.

Total vacant space in Brisbane’s industrial market has fallen for the fourth consecutive quarter and is now down by more than 10% compared with a year ago.