• Improved business sentiment will continue to support the expected rebound in Q4, but the outlook remains challenging

 

  • Prime face rents held steady across the board, except for Brisbane – the only CBD market to record a decline

 

  • Incentives have risen in most markets with Brisbane and Melbourne recorded largest q/q increase in both prime and secondary

 

  • Vacancy is rising across all markets with vacancy spread between prime and secondary expected to increase in the near term

 

  • Leasing volumes remained subdued with the majority in the sub500sqm office space

 

  • Sales volumes up to Q4 were $9.8 billion across 117 transactions with the majority in Sydney

 

  • Prime yields remained relatively stable whilst secondary yields soften marginally