Property Forecasting > Report
Sydney's non-CBD office market recorded over 310,000 sq m of completions in 2020 – the second-highest figure since 1990. A further 420,000 sq m of new and refurbished stock is due to come on line through 2021 and 2022. The market is unable to absorb this quantum of supply and vacancy rates – already up sharply over 2020 to 11% – will rise further. The ensuing damage to effective rents will be marked and take until around 2026 to recover from.
To read the full briefing please
If you are not a subscriber, request a free trial by filling out the form below