JLL: Very mixed fortunes for grade A office rents in Australia, but Sydney satisfactory

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In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Sydney rose by 2.4% over the year to 2Q15.  By this measure, Sydney was the 48th best performing market of the 95 monitored globally. Grade A office rents in Sydney rose by 1.7% in 2Q15 alone – making it the 22nd 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/Sydney/OFF