Australia CBD Office Figures Q3 2026

Key Points: 

• Despite global uncertainty, the Australian labour market remains robust with an unemployment rate of 4.6%.
• Australian CBD prime effective rents climbed 3.1% q-o-q and 8.1% y-o-y in Q3 2026. This is the highest level of rental growth recorded nationally since 2019.
• Enquiry levels across Australia have been solid so far in 2026, up 6% YTD compared with the same period 2025.
• Supply outlook remains largely unchanged with the lowest supply over the next 5 years since the early 1990s.
• Transaction activity in Q3 2026 was strong across the Australian office market, reaching $3.9 billion. Volumes YTD are now about 50% higher than the same period in 2025.
• Prime yields were largely stable in Q3 2026, averaging 6.70% for Australian CBD’s. However, the Australian 10-year bond rate rose by about 60 bps during Q3 and has now settled at about 5.35%.