Knowledge Hub

What’s next for Brisbane CBD?

Brisbane market on the rise. Click on the Download button for more information on the:

• Economic indicators
• Prime Gross Effective Rent 
• Supply Pipeline
• Key leasing transactions Q2 2018

What’s Next?

HIGHLIGHTS

Vacancy compression continued in H2 2018. Click on the Download to find out more on:

• Economic indicators
• Prime Gross Effective Rent, Overall Vacancy (6 monthly)
• Supply Pipeline: New Developoments & Major Refurbs
• Key leasing transactions Q1 2019

The Sydney CBD’s latest vacancy rate was recorded at just 4.6%, highlighting that landlord favourable conditions are still in full effect. Cushman & Wakefield’s office market forecast and responses from a survey of market professionals‡ both suggest that the vacancy rate will continue to tighten to around 4% over the year ahead. In the year to July limited space availability stymied net absorption to just 9,489sqm.

Hyderabad office market, in the short to medium term, is likely to see a continuation of the current low vacancy scenario which is being further exacerbated by most of the upcoming supply of 2019 already pre-committed.

Mall vacancies which spiked during the second half of 2018 have declined to 5% levels again. Tenants were quick to grab quality space options available in operational malls. Fashion & Apparel, F&B were dominant with more than half of the leasing share during the quarter. Brands such as Fila, Kompanero, Da Milano, Rare Rabbit, Tarun Tahiliani etc. have opened stores recently. Sephora, the international multi-brand personal care & beauty retailer has recently launched two stores in prime retail malls.