Office: More than 265,000sqm of this new supply is forecast to reach completion in H1 2020 which will provide the CBD market some much needed flexibility.
The lack of available space in the fringe market has constrained net absorption, leading to higher rental growth and lower incentives.
National Investment: The office sector dominated transactions with volume of $25.4 billion recorded for the year. Retail transaction volume for 2019 was down 21% on 2018 levels. A lack of industrial stock is limiting transaction volume.
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