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1.Market Observations, 8.Was Sticky

13 Oct 2016 (AFR) – CBD rents surge in Sydney, and rise in Melbourne

(13 October 2016, AFR, p38, by Mercedes Ruehl)

‘Sydney office rents have risen an extraordinary 15 per cent in the past 12 months, far outstripping the next best city Melbourne, which still had “above trend” growth of more than 6 per cent. In its latest office market report for the three months to September, real estate group JLL said prime gross effective rents increased by just under 5 per cent during the quarter and by 15.4 per cent over the past 12 months.’

Read more at AFR.com (might need AFR login access, or try: AFR.com /trial)

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