“Most A-grade buildings have excellent facilities to look after their staff and that is an attraction too. The Q2 2018 4.5% vacancy rate in Sydney's central business district (CBD) is on track to beat 2000's record low of 4%, with CBRE estimating it could fall as low as 3.5% by Q4 2018. In the latest quarter, Sydney property prices rose at their fastest pace since early 2014, according to CoreLogic, a leading provider of data and analytics for Australia's real estate industry. Despite the price squeeze, medium-sized and large firms are scrambling to follow Accenture, Pfizer, Clemenger, and Melbourne IT into Sydney's CBD office space.
The Q2 2018 4.5% vacancy rate in Sydney's central business district (CBD) is on track to beat 2000's record low of 4%, with CBRE estimating it could fall as low as 3.5% by Q4 2018. In the latest quarter, Sydney property prices rose at their fastest pace since early 2014, according to CoreLogic, a leading provider of data and analytics for Australia's real estate industry. Despite the price squeeze, medium-sized and large firms are scrambling to follow Accenture, Pfizer, Clemenger, and Melbourne IT into Sydney's CBD office space.