Business
Two-thirds of Melbourne offices unoccupied, Sydney less than half full – The Australian Financial Review
Melbourne’s office occupancy rate increased to 31, but well below the 50 per cent allowable threshold, while Sydney’s was unchanged at 45 per cent.
All the other major capital city CBDs had office occupancy rates between 60 and 70 per cent, led by Adelaide and Canberra.
Perth was the only market where the occupancy rate fell between December and the end of January (from 77 per cent to 66 per cent) ahead of a five-day lockdown to prevent a fresh outbreak.
Michael Cook, group executive of property at Investa, one of the countrys biggest private office landlords, said occupancy across its portfolio was slowing improving.
The Property Council data…
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