• Net face rents remain relatively stable across the board, except for Melbourne increasing 1.6% q-o-q in prime, and Adelaide, increasing 2.2% and 3.9% q-o-q in prime and secondary grade.
  • Incentives have continued to rise across most markets, particularly in Melbourne and Canberra.
  • Sublease availability continues to decline on the back of the improved business sentiment and recorded a fall across major CBDs, except Melbourne.
  • Sales volumes as of H1 2021 were $6.96 billion across 84 transactions, up 54% compared to H1 2020, highlighting continued investor demand for the Australian office. 
  • Prime and secondary yields remained relatively stable across the board, except Melbourne and Adelaide with prime yield compressed marginally.