Which city is leading Australia’s office recovery?

The Property Council of Australia’s latest office vacancy figures presented some surprises in major cities across the country. While concerns about the market still remain from 2022, industry experts are beginning to see positive signs of stability in vacancy rates in the next 12 months alongside a more robust supply pipeline in big cities such as Melbourne.  In our latest Talking Property episode, CBRE’s Director of Pacific Research, Kate Bailey, sits down with Dexus' General Manager, Queensland and Project Leasing, Matthew Miller, along with CBRE's Pacific Head of Office Leasing, Mark Curtain, and CBRE’s Australian Head of Office Research, Tom Broderick, to breakdown the finer points of office vacancy trends for the year ahead.  The discussion covers key insights from the new data, where the future opportunities lie and what landlords and occupiers should be focusing on in 2023. It also looks at why existing tenants are increasingly choosing to upgrade office spaces and committing towards more premium assets.   If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at [email protected].