Australia’s CBDs are evolving and so is the commercial office market. With more than 2 million square metres of prime office leases set to expire in Sydney and Melbourne between 2026 and 2028, competition is heating up. Tenants are consolidating in central precincts, favouring higher level in higher quality assets, with ESG credentials, smart design and better experiences per square metre. For landlords, this presents both risks and opportunities : the gap between high-performing and underperforming assets is widening - and now’s the time to act.
Reshaping the City, is your guide to navigating this new chapter. The report explores key forces that are reshaping the office market – including tenant clustering, elevation preferences, vacancy risks in non-core assets, and the evolving impact of return-to-office mandates. It also introduces the Building Quality Index (BQI), a tool designed to benchmark performance and identify opportunities for improvement. Whether you’re searching for your next office or reshaping an existing asset, this report gives you a competitive edge.
