Office demand is expected to rebound from a negative Q4 2016, with the DEXUS Office Demand Barometer pointing to an improvement in conditions in the Sydney CBD for the first half of 2017.
Demand for office space contracted by around 14,000sqm in the Sydney CBD in Q4 2016 according to JLL Research. This was an anomaly caused by a few large tenants downsizing and relocating to the newly completed tower at Barangaroo. However, the positive reading of the Barometer signals that there could be a strong rebound in the first half of 2017.
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