Knight Frank Occupier Solutions has released their end of year national office market update. Our state capitals are either landlord or tenant biased markets, with none in a state of balance at the current time.
The situation faced by occupiers in Sydney and Melbourne is challenging at present, and set to worsen over the next two to three years. If you have an upcoming lease event, Knight Frank Occupier Solutions’ advice is to deal with this promptly, and don’t delay. Brisbane, Perth, Adelaide and Canberra offer more favourable conditions for occupiers.
Knight Frank Occupier Solutions’ national update can be accessed by clicking on the icon below: