JLL: Grade A office vacancy rate in Sydney of 8.8%, with supply pipeline of 5.2% at end of 2Q15
In its Global Market Perspective for Q315, Jones Lang Lasalle IP Inc. (JLL) noted that the vacancy rate for Grade A office space in Sydney was 8.8%, and that there is a supply pipeline (completions in 2015-16 relative to existing stock) of 5.2%. Over the last year, rents have risen by 2.4% and capital values have increased by 9.5%. Prime yields in 2Q15 were 6.0%.
Source : August 2015/JLL/Sydney/OFF