CBD Office: The consolidation of incentives is reflective of a market that has seen a welcomed increase in the number of enquiries on the previous year, however, there remains a variety of tenant options available across quality office accommodation. As the recovery gathers pace in Australia’s two biggest States, their return to greater proportions of our economy should also be reflected in workers returning to the CBDs. Premium grade net incentives are 38%.
Metro Office: Despite the uncertainty in recent years across the CBD market, metro market net face rents have remained relatively stable, with some upward pressures given the quality of new supply entering the market. Upward movement in net incentives had resulted in retreating net effective rents, but they too appear to have stabilised.
