Knight Frank Global
Site Search >
Select Language English
Mr Matt Whitby National Director
Sydney head office+61 2 9036 6666
Wealth Report View our latest report >
To review our Office Market Research Reports from 2011, please click here.
Previous reports are available by selecting the year in the menu above. For reports prior to 2010 please contact Matt Whitby for further information.
DATE: 23 January 2012
The 2011 calendar year will deliver approximately 390,000sq.m of new and refurbished stock to the Australian CBD market, which is almost 40% lower than last year, after gross supply additions of 616,500m² in 2010 which helped to counterbalance a weakening demand environment. 2012 will see circa 540,000m² come on line of which the pre-commitment level is currently around 70%, with the major contributors to this supply being Melbourne, Brisbane and Perth.
DOWNLOAD PDF PDF: 2.25Mb
Commercial sales activity across Australia’s major CBD office markets has steadily increased since the lull of 2008 with $5.6 billion of sales $10million+ transacting during 2011, taking the market beyond the $5.5 billion recorded in 2007. In addition there was in excess of $750 million of properties under negotiation or in due diligence at year’s end.
DOWNLOAD PDF PDF: 1.89Mb