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.
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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
