Conditions for Sydney CBD office demand are the best in seven years
Barometer continues to strengthen
Conditions for leasing demand in Sydney CBD continued to strengthen in Q3 2017.
The Dexus Office Demand Barometer increased to +2.6% in the September 2017 quarter, up 0.2 percentage points from last quarter’s reading, reaching its strongest level in seven years.
Two components driving the barometer into ‘Excellent’ territory were uplifts in ANZ job advertisements and the US ISM Manufacturing Index. Short term business travel departures and business confidence mildly weighed down the model this quarter.
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