CBD Office: Face rental growth has now stalled for the past three quarters, remaining at Q4 2019 levels. However, with the increase in net incentives, year-on-year Premium and A-grade net effective rent growth was negative for the third quarter in a row.
Industrial: Leasing activity at the start of 2020 (January and February) was very strong, continuing the trend seen at the end of 2019, and despite the current COVID environment enquiry, activity is down but not as far as one may expect.
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