Workers returning to their offices are driving a pick-up in office transactions, with investors and developers looking for opportunities in Sydney and Brisbane – but not yet Melbourne, new JLL analysis of the market shows.
National office sales volumes jumped 61 per cent over the first three quarters of 2024 – compared with the same nine months of 2023 – to $6.1 billion, driven by deals such as Deka Immobilien’s $395 million purchase of Charter Hall’s 333 George Street in Sydney, the JLL figures show.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
