Reduced demand for CBD offices in COVID

OFFICE VACANCIES IN AUSTRALIA'S CBD MARKETS:

HOBART:

* January 2021: 5.1 per cent

* July 2020: 4.1 per cent

* January 2020: 4.1 per cent

MELBOURNE:

* January 2021: 8.2 per cent

* July 2020: 5.8 per cent

* January 2020: 3.2 per cent

SYDNEY:

* January 2021: 8.6 per cent

* July 2020: 5.6 per cent

* January 2020: 3.9 per cent

CANBERRA:

* January 2021: 10.1 per cent

* July 2020: 10.1 per cent

* January 2020: 10.3 per cent

BRISBANE:

* January 2021: 13.6 per cent

* July 2020: 12.9 per cent

* January 2020: 12.7 per cent

ADELAIDE:

* January 2021: 16.0 per cent

* July 2020: 14.3 per cent

* January 2020: 14.2 per cent

DARWIN:

* January 2021: 19.7 per cent

* July 2020: 16.8 per cent

* January 2020: 16.8 per cent

PERTH:

* January 2021: 20.0 per cent

* July 2020: 18.4 per cent

* January 2020: 17.5 per cent

TOTAL (all CBD markets):

* January 2021: 11.1 per cent

* July 2020: 9.2 per cent

* January 2020: 8.0 per cent

Source: The Property Council of Australia

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