Report | Adaptive Spaces

Australian Office Sublease Barometer June 2023

July 4, 2023

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Key Points:

  • National sublease availability increased moderately in Q2 2023,  rising by 1,500 sqm to 1.6% of total stock.
  • Smaller markets have been more resilient, while Sydney and Melbourne remain above 2.0% of stock.
  • Professional services firms offering less space for sublease over the past 12 months.
  • Off the back of headwinds for the sector, technology firms have increased their sublease availability.