Commercial property vacancy rates

Office workers and international students returning to the city has sparked the third consecutive fall in retail vacancy across Australia’s major CBDs.

Build-to-rent investment manager apt.Residential is kicking off with a $280m mixed-use precinct in Sydney’s Meadowbank and more projects are on the way.

Retail vacancies have hit 15 per cent ­nationally as major capitals make a slow recovery from the pandemic, but real estate firm CBRE says the market has bottomed out.

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.