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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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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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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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The Property Council of Australia’s latest office occupancy survey has revealed that Melbourne’s recovery is yet to take off.

 

The monthly survey of building owners and managers has found that, despite being taken prior to Victoria’s current lockdown, Melbourne CBD remains considerably lower than other capital cities at 45 per cent of pre-COVID...

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The Property Council of Australia’s latest office occupancy survey has revealed a big step up in activity in the CBDs of Sydney and Melbourne, and minute change to occupancy across the other major mainland CBDs.

 

Sydney’s CBD took a significant jump forward in April, rising to 59% occupancy after recording 50% in March. Melbourne’s CBD increased...

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