CBD Office: 315,000 sqm of the new stock is expected to be completed by June, with the balance due for completion in August.
Metro Office: Demand across Metro Melbourne is down, COVID-19 has seen a drop in enquiry numbers as tenants and businesses wait to assess the impacts and plan for the post COVID-19 office environment.
National Investment: Transaction volumes for H1 2020 are around 40% of the H1 average for the past five years. The decline has been attributed to a number of factors associated with the COVID-19 pandemic including travel restrictions and uncertainty delaying decision making.
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