Sydney CBD Office State of the Market Q2 2024
2024-08-12 03:45
Sydney CBD Office State of the Market Prime yields stable for first time since early 2022 02 2024 • Prime net face rents rose by 2.1% in Q2, led by the Midtown precinct with 3.6% growth. Meanwhile, incentives rose from 35% to 36%, largely offsetting the impact on effective rents, which edged up by 0.3%. • Tenant demand has been driven by professional and financial services contributing 67% of leasing activity. Activity has been weighted towards the core precinct, accounting for 76% of lease volumes in H1 20 ...