JLL: Very mixed fortunes for grade A office rents in Australia, but Melbourne satisfactory
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Melbourne rose by 3.0% over the year to 2Q15. By this measure, Melbourne was the 38th best performing market of the 95 monitored globally (and the best performing Australian market). Grade A office rents in Melbourne rose by 0.2% in 2Q15 alone, making it the 50th best performing market. Conversely, falling commodity prices have had an adverse impact on grade A office rents over the last year in Brisbane (down 8.8%), Adelaide (down 16.1%) and Perth (down 22.8%).
Source : August 2015/JLL/Melbourne/OFF