Expectations of office rents in next 12 months Australia Q1 2024, by state

Published by Statista Research Department, May 28, 2024

In a survey conducted in the first quarter of 2024 about commercial property in Australia, the participants expected office rents to decrease by 3.9 percent in Victoria in the next twelve months. On the other hand, in Western Australia and Queensland, an increase in office rents was expected.

Expectations of office rents in the next 12 months in Australia in Q1 2024, by state or territory

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Release date

May 2024

Region

Australia

Survey time period

Q1 2024

Number of respondents

300 property professionals

Special properties

property professionals surveyed included real estate agents/managers, property developers, asset/fund managers, and owners/investors

Supplementary notes

*Results for SA/NT may be biased due to a smaller sample size.

Participants were asked how they view gross rents in each commercial property market sector in the following time frame: annual growth in the next 12 months.

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