18 November 2025
Australia’s CBD office markets are showing early signs of stabilisation, with a clear “flight to quality” emerging across all major capitals as tenants prioritise premium spaces and investors navigate a high interest rate environment.
Sydney
The Sydney office market is gradually improving, led by premium-grade assets and infrastructure investment, though high vacancy and elevated incentives continue to challenge recovery.
Melbourne
Melbourne’s office sector is showing tentative recovery signs, supported by stabilising rents and upcoming infrastructure projects, yet high vacancy and subdued investment activity persist.
Brisbane
Brisbane’s office market remains resilient, with strong demand for premium spaces and limited new supply underpinning steady conditions despite softer yields and sustained incentives.
For a detailed breakdown of what the latest data reveals across these CBD office markets, download the full report below.
Get in touch with our Commercial Valuations team
Mark Willers - National Director
Mathew Young - Director
Harry Davidson - Associate Director
