Communication - Press

Q1 2019 Australian Market Snapshot by Tenant CS

Time seems to be flying - the first quarter of 2019 is already over! Great opportunity to take a look at the Australian commercial leasing market & some trends from the team at Tenant CS.


"While Sydney residential real estate rents are falling and vacancy rates rising, we’re seeing the opposite in Sydney’s commercial real estate market."


"New injections of stock are expected to help with supply levels over the next three years in the CBD and Docklands areas, adding around 490,000 square metres into Melbourne’s CBD office market."


"Unlike the Sydney and Melbourne CBD market, the vacancy rates in the Brisbane CBD are relatively high at 14.6%. Incentive levels on offer are also high accordingly (averaging 36%), which gives commercial tenants the upper hand at the negotiation table."


"Average rates for A-Grade CBD office space in Perth are slightly more expensive than Brisbane at about $725/m2, but the vacancy rate is even higher at just under 19%. That’s more than double the national average."


"Two new development projects will boost supply in the Adelaide CBD by 31,000 sqm by the end of 2019, so it should remain a tenant’s market for the foreseeable future."


"Average gross rent rates for A-Grade office premises in the nation’s capital are $460/m2, making them the cheapest of any of Australia’s major capital cities."

About Tenant CS


At Tenant CS, we help you source the perfect office space for your business needs and negotiate the best possible lease terms on your behalf. 


Source: Tenant CS Website

Tenant CS' latest snapshot of the Australian leasing market, as well as some key real estate market trends driving outcomes.

Click to view the full report.



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