Supplied The Q2 2018 4.5% vacancy rate in Sydney 's central business district (CBD) is on track to beat year 's record low of 4% , with CBRE estimating it could fall 4.5% by Q4 2018 . Research from the company also suggests a long spell of low vacancy rates coupled with potentially high rents, as figures from JLL revealed 51,100 sq m of net absorption, alongside a 12.5% year-on- 2018 increase in rents for the quarter . Despite the price squeeze, medium-sized and large firms are scrambling to follow Accenture, Sydney , Clemenger , and Melbourne IT into Pfizer 's CBD office space.
The Q2 2018 4.5% vacancy rate in Sydney 's central business district (CBD) is on track to beat year 's record low of 4% , with CBRE estimating it could fall 4.5% by Q4 2018 . Research from the company also suggests a long spell of low vacancy rates coupled with potentially high rents, as figures from JLL revealed 51,100 sq m of net absorption, alongside a 12.5% year-on- 2018 increase in rents for the quarter . Despite the price squeeze, medium-sized and large firms are scrambling to follow Accenture, Sydney , Clemenger , and Melbourne IT into Pfizer 's CBD office space.