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Melbourne's office market outperforms

Property Markets / Outlook

Australia

Nov 13 2017

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Simon Johanson, The Sydney Morning Herald

Melbourne's office market outperformed the rest of the country over the third quarter of this year with a rapid decline in incentives, strong effective rental growth and tightening vacancy, according to CBRE research.

Incentive declines accelerated across all of Australia's southeast CBD office markets, driving effective rental growth during the quarter, but Melbourne's prime incentives fell the most by 180 basis points.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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