Property Forecasting > Report
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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