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Cushman & Wakefield sees tightening prime office supply in Australia as occupier confidence improves

PUBT·08/06/2026 01:06:01
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Cushman & Wakefield sees tightening prime office supply in Australia as occupier confidence improves
  • Cushman & Wakefield flagged a structural shift in Australia’s office market, with a shrinking development pipeline tightening prime supply through the decade.
  • Leasing activity rose in H1 2026 across most capitals, though major occupiers are taking longer to commit amid economic uncertainty.
  • Headline CBD vacancy rates overstate effective choice, with availability concentrated in older stock while prime space becomes scarce.
  • Rents are rising in several markets; expansion rights and renewal options are gaining value as tenants face fewer viable alternatives.
  • High construction costs are curbing new builds, lifting focus on repositioning existing assets; demand remains strong for fitted, move-in-ready space.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cushman & Wakefield Ltd. published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.