We are pleased to launch our latest Office Briefing Spotlight report. In this edition, we provide an overview of recent macro, leasing, and investment market trends for the major CBD office markets in Australia. 

Key takeaways from the report:

• Despite economic headwinds, tenant demand shows an ongoing flight to quality.
• Demand continues to be stronger for prime in core locations.
• Limited new supply in some markets is leading to prime rental growth, but the pace varies by location.
• Investment activity remains subdued in Q2, although several significant deals have transacted recently.
• Prime office yields softened further in Q2, as more privates emerge.
• Peak interest rates will provide more stability for investment in the second half of the year.

Read our August 2023 Spotlight here.