In this video, Ana Marinkovic, Chief Operating Officer of Opteon takes us through the key findings of The Australian Property Institute-Opteon Office Market Outlook, including:
Sydney and Melbourne will enjoy further rental growth largely driven by short stock supply
In Melbourne, effective rents could rise by as much as 12% across prime grade assets,
Sydney’s average net face rents are forecast to grow about 7% across all grades in 2018
In WA and QLD, office investments remain very attractive, given the low vacancy rates on average, driven by more demand than expected
Perth market in particular would continue to present counter-cyclical opportunities for investors
Incentives appear to have stabilised, sitting broadly in the range of 40% to 50% net, with landlords still deploying these to attract tenants to the CBD
Check out the video link above for more on Australia’s Office market.
Ana Marinkovic, Opteon Chief Operating Officer