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
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Other statistics that may interest you Commercial property in Australia
Overview
6
- Basic Statistic Rental, hiring and real estate service industry gross value added Australia 2014-2023
- Basic Statistic Construction work done on commercial buildings Australia 2014-2023
- Basic Statistic Construction work done on offices Australia 2014-2023
- Basic Statistic Construction work done on warehouses Australia 2014-2023
- Premium Statistic Major investment deals in commercial property Australia Q1 2024
- Premium Statistic Share of investment in commercial real estate Australia Q1 2023, by location
Office sector
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- Premium Statistic Average net face rent of office property Australia Q1 2024, by state
- Premium Statistic Incentives for prime office CBD real estate Australia Q1 2024, by state
- Premium Statistic Yield of prime office CBD property Australia Q1 2024, by state
- Premium Statistic Vacancy rate of CBD office market Australia Q1 2024, by city
- Premium Statistic CBD office property occupancy Australia Q2 2019-Q2 2023, by occupancy rate
- Premium Statistic Share of offices with occupancy rates over 90 percent Australia Q2 2019-2023, by city
- Premium Statistic Office occupancy as a share of pre-COVID levels Australia 2021-2022, by CBD
- Premium Statistic Expectations of office capital values next 12 months Australia Q1 2024, by state
Retail sector
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- Premium Statistic NFR of super prime CBD retail real estate Australia Q1 2024, by state
- Premium Statistic Retail rent of regional centers Australia Q1 2024, by state
- Premium Statistic Retail rent of LFR centers Australia Q1 2024, by state
- Premium Statistic Monthly change in retail property rent asking prices Australia 2020-2024
- Premium Statistic Expectations of retail capital values next 12 months Australia Q1 2024, by state
- Premium Statistic Expectations of retail rents in next 12 months Australia Q1 2024, by state
Industrial sector
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- Premium Statistic Average net face rent of industrial property Australia Q2 2023, by select city
- Premium Statistic Incentives for industrial property Australia Q2 2023, by select city
- Premium Statistic Vacancy rate of industrial properties Australia H2 2023, by city
- Premium Statistic Take-up of industrial properties Australia H2 2022, by sector
- Premium Statistic Expectations of industrial capital values next 12 months Australia Q1 2024, by state
- Premium Statistic Expectations of industrial rents in next 12 months Australia Q1 2024, by state
Further Content: You might find this interesting as well
CBRE Group. (September 20, 2023). CBD office property occupancy in Australia in second quarter 2019 and 2023, by occupancy rate [Graph]. In Statista. Retrieved June 17, 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 June 17, 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: June 17, 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 June 17, 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/