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SYDNEY 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.

Office: Pending pre-commitment, the potential exists for a supply wave in 2024-25 of up to 470,000 sqm of space. 

Industrial: Social distancing measures associated with the COVID-19 pandemic initially resulted in a sharp drop in tenant enquiry, but a number of factors suggest tenant demand for Sydney industrial property can return relatively quickly.

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 Sydney 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
Sydney CBD Office Report

Demand and enquiry levels initially compared favourably by Q4-2019 data, with the technology sector prominent in driving demand.

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Warehouse Internal Rack
Sydney Industrial Report

Incentives in the Southern precinct of Sydney increased to 10% across all occupancy sizes resulting in a YoY decrease of 3.2% in net effective rents.

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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

North Sydney Highway Traffic
Research • Occupier

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
Research • Occupier

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
Research • Investment

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