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1.Market Observations, 8.Was Sticky

11 Oct 2018 (AFR) – Desk space fills at fastest rate in a decade

(11 October 2018, AFR, p40, by Nick Lenaghan)

Office vacancy rate by state (JLL)

Office vacancy rate by state (JLL)

‘The take-up of office space in the national office market has hit its highest level in more than a decade as white-collar jobs expand, according to quarterly figures compiled by JLL. Those figures show net absorption – the industry term that refers to the amount of space taken up by tenants – totalled 151,200 square metres over the 2018 third quarter, the strongest quarterly result since the last quarter in 2007. ‘

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