Leading indicators point to improving take-up in Sydney
May 2017
Demand for office space in the Sydney CBD, Australia’s largest office market, is expected to strengthen further over the next few months.
The Dexus Office Demand Barometer registered +2.0% in the March 2017 quarter, up from last quarter’s reading of +1.7%. This moves the barometer reading well into ‘good’ territory.
Factors pushing the Barometer higher were an improvement in the US economy, a solid uplift in ANZ job advertisements and a rise in business travel departures.
All of these indicators are signs of increasing activity in the finance and professional services industries.
For further information please download PDF attached:
Download this document
