堪培拉写字楼市场2026年3月

Investment Rating - The report indicates a positive outlook for the Canberra office market, highlighting strong occupier demand and low vacancy rates as key factors supporting market performance [4][19]. Core Insights - Resilient occupier demand, low vacancy rates, and stable yields are fundamental to the market's performance [4]. - The overall vacancy rate in Canberra has decreased to 10.2%, the lowest among all capital cities since mid-2021, supported by positive net absorption [19]. - Prime net face rents have increased by 5.1% to an average of $485/sqm, reflecting solid rental growth in key precincts [24]. Market Indicators - The total office stock in Canberra is 2,459,064 sqm, with an overall vacancy rate of 10.2% [16]. - Prime yields in Civic and Parliamentary precincts averaged 7.1%, indicating stability in the market [12][33]. - The development pipeline includes 64,500 sqm of new supply expected in 2026, which will enhance the availability of prime office space [13][22]. Rental Growth - Prime net face rents in Civic and Parliamentary precincts have risen to an average of $485/sqm, with secondary net face rents increasing to $379/sqm [24]. - Incentives for prime space have slightly increased to 28.1%, while secondary incentives are at 30.0% [24]. Transactional Activity - Investment activity totaled $396 million in 2025, driven primarily by domestic capital focusing on income-secure assets [31][32]. - Significant transactions include the acquisition of Anzac Park West for $72.5 million and Sirius Building for $305 million, both fully leased to government tenants [31][40]. Development Pipeline - The report outlines several upcoming projects, including 62 Constitution Ave and 15 Sydney Ave, expected to complete in H1 2026, which will provide additional prime office space [22][43]. - The forward pipeline is anticipated to improve access to prime office space in historically limited availability areas [23].