• Sales volumes up to Q3 were $6.5 billion across 85 transactions with the majority in Sydney
  • Prime face rents held steady across the board, except for Adelaide - the only CBD market to record an increase.
  • Incentives have risen in all markets, except for Canberra.
  • Vacancy is rising across all markets as sublease space increases and tenant demand softens
  • Slightly improving leasing sentiment as the majority of Australia emerges from lockdown in Q3 and occupiers start to re-evaluate their long-term requirements. However, leasing volumes remain low
  • Prime yields remained relatively stable over the quarter, but pricing has been impacted by softening leasing underwrite