The Sydney CBD office vacancy rate hit a seven-year high of 8.6 per cent in the six months to January, up from 5.6 per cent at the end of July, amid a slow return to office life following a mass exodus during the pandemic.
It means the city’s vacancy rate has more than doubled in the past 12 months, according to to the Property Council’s latest Office Market Report.
Loading...
Larry Schlesinger was a reporter at The Australian Financial Review.