News

The property Councils latest occupancy survey has highlighted the impact of extended lockdowns on Australia’s largest CBDs. As authorities try to battle the Delta variant outbreak in some CBDs, others are showing positive signs of recovery.

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The latest Property Council/MSCI Australia Annual Property Index posted an annual return of 7.8 per cent, driven by the industrial sector’s strong performance.

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Australia’s CBD office markets have demonstrated remarkable resilience in the face of new challenges introduced by the COVID-19 pandemic. All but Melbourne CBD, that is. The Property Council of Australia’s Office Market Report for the six months to July 2021 reflected a positive demand for office space for the majority of capital city office...

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Office Vacancy and Covid-19

OFFICE • August 2, 2021

The effects of the Covid-19 pandemic were felt across the globe, prioritisation of health and safety has led the workplace culture shift to a ‘work from home’ model and subsequently the effective use of office space in the commercial districts are affected.

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Property industry confidence levels remained close to record highs, according to the ANZ/Property Council’s latest industry survey conducted immediately prior to recent lockdowns around Australia.

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The Property Council of Australia’s latest office occupancy survey has highlighted the challenges ahead for the reactivation of CBDs, with activity fluctuating between weekly peaks and troughs.

The monthly survey, taken before the lockdowns of the past week, has found that office occupancy in Melbourne CBD fell from 45% to 26% per cent of...

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