Property Forecasting > Report

Canberra Commercial Property Prospects 2021-2031

Overall, the Canberra office market continues to fare better than most other Australian CBD office markets with its vacancy rate (7.7%/8.5% for metro/Civic) – close to a well balanced market. Demand is set to remain strongly positive near term as government employment rebounds with stimulus spending unless the current lockdown is prolonged. However, substantial supply additions are set to push back a stronger recovery in rents towards the middle of the decade. 

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