In the first quarter of 2021, the vacancy rate of prime office real estate in Sydney CBD was estimated at 8.5 percent. The vacancy rate had been decreasing until the end of 2019. However, the recent COVID-19 outbreak seemed to have led to a decline in office leasing enquiries, and therefore an increase in the vacancy rate in 2020 and 2021.
Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021
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CBRE Group. (April 19, 2021). Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/
CBRE Group. "Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021." Chart. April 19, 2021. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/
CBRE Group. (2021). Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/
CBRE Group. "Vacancy Rate of The Prime Office Market in Sydney Cbd, Australia from 2016 to 2021." Statista, Statista Inc., 19 Apr 2021, https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/
CBRE Group, Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021 Statista, https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/ (last visited November 23, 2024)
Vacancy rate of the prime office market in Sydney CBD, Australia from 2016 to 2021 [Graph], CBRE Group, April 19, 2021. [Online]. Available: https://www.statista.com/statistics/1118390/australia-prime-office-vacancy-rate-in-sydney-cbd/
