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MELBOURNE MARKETBEAT REPORTS

John Sears • 30/04/2020
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

CBD Office: With the increase in net incentives, year on year Prime Grade net effective rent growth was negative for the first time since Q3 2014. 

Industrial: The start of 2020 (January and February) were very strong, continuing the trend seen at the end of  2019, with solid enquiry across the occupancy spectrum.

National Investment: While the first quarter is typically soft for investment volumes, Q1 2020 was 52% lower than Q1 2019 and was the lowest quarterly volume since 2012. Factors associated with the COVID-19 pandemic which limited travel and delayed decision making contributing to the decline.

Learn more by clicking our most recent Melbourne MarketBeat reports below.

* Data reported in the Q1 2020 Marketbeats was collected prior to disruptions caused by the COVID-19 pandemic. 
Looking forward, the extent and impact of the pandemic on Australia’s economy remains unknown, however, while tenant demand and rental growth is now likely to be weak or negative in 2020, generally low vacancies and limited supply in Australia’s east coast CBD office markets suggest growth has the potential to return quickly as the economy recovers. 

CURRENT MARKETBEATS

Office Buildings CBD
Melbourne CBD Office Report

In 2020, seven new developments are anticipated to reach completion, totaling over 333,000 sqm.

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Warehouse Internal Rack
Melbourne Industrial Report

A number of speculatively built facilities due for completion at the end of 2020 will test the market in the second half of the year and will be a good barometer of the recovery.

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Warehouse Internal Rack
Australia National Investment Report

The office sector dominated transactions with volume of $1.6 billion recorded for the quarter, down 78% on Q4 2019 levels.

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RELATED INSIGHTS

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2020 Vision - Australian Property Insights

Australian Commercial Real Estate (CRE) transaction volumes are at record levels with strong demand from both local and international investors. However, the market is desynchronising with yields in some sectors and markets continuing to compress to record lows, while for others demand has fallen and yields are being challenged.
John Sears • 17/12/2019
Brisbane
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Office Leasing Trends and Outlook 2020

In the fourth annual Cushman & Wakefield Office Leasing Trends and Outlook Survey, landlord and tenant representatives’ views of the Sydney, Melbourne and Brisbane office markets were measured. This report highlights both the latest thinking on markets and notes how opinions have evolved over the past 12 months.
John Sears • 18/12/2019
Warehouse Internal Rack
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Australia National Investment Report (March 2020)

The Australian commercial real estate market slowed dramatically in Q1 2020 with just $3.0 billion worth of transactions recorded.
John Sears • 21/04/2020