Office leasing activity has surpassed pre-COVID levels as companies, such as trading house Optiver, look to take advantage of intense competition between office landlords to attract tenants.

The amount of office leasing space transacted nationally reached 615,000 square metres as of October, up from 506,000 square metres in 2022 and 550,000 square metres in 2019, according to Colliers data. There have been 988 CBD office lease transactions nationally in 2023 so far, up from 877 in 2022 and 747 in 2019.