In the second quarter of 2023, around 62 percent of CBD office properties across Australia were well-occupied compared to around 72 percent in the same quarter of 2019. The share of office properties deemed as poorly occupied, with an occupancy rate of less than 80 percent, rose from 16 percent in 2019 to over 20 percent in 2023.
CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate
Characteristic
Q2 2019
Q2 2023
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CBRE Group. (September 20, 2023). CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/
CBRE Group. "CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate." Chart. September 20, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/
CBRE Group. (2023). CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/
CBRE Group. "Cbd Office Property Occupancy in Australia in Second Quarter 2019 and 2023, by Occupancy Rate." Statista, Statista Inc., 20 Sep 2023, https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/
CBRE Group, CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate Statista, https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/ (last visited August 25, 2024)
CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate [Graph], CBRE Group, September 20, 2023. [Online]. Available: https://www.statista.com/statistics/1419379/australia-cbd-office-property-occupancy-by-occupancy-rate/