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1.Market Observations, 8.Was Sticky

25 Oct 2017 (AFR) – Supply flood to hit Sydney office market: Pepper

(25 October 2017, AFR, p35, by Nick Lenaghan)

‘A “supply tsunami” of office space in the pipeline for Sydney could hit landlords in that market harder than many have expected, according to property consultant Pepper. The acceleration in rents – which have surged almost 20 per cent during the past two years – and declining vacancy have been driven by the withdrawal of building stock rather than genuine demand, the consultancy said in a recent analysis for its clients. The vacancy rate in Sydney is at…’

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

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