Office vacancies in Hobart have dipped to 12.87% over the past six months, according to the Property Council of Australia’s office market report released today.
The encouraging result compares with a vacancy rate of 14.2 per cent just 12 months ago.
Tenants occupied an extra 3,481 sq m of office space in the six months to January, reversing the previous half-year trend of businesses moving out of office towers in the CBD.
The figures show falling vacancies in the top end of the market while the lower grade offices experienced mixed fortunes.
Vacant space in A grade buildings dropped to 8.6% (from 11.4%) in the six months to January, B-grade increased to 17.8% (from 17.5%), C grade fell to 9.3% (from 10.4%) and D grade rose to 18% (from 17.9%).
While office vacancies in Hobart are falling, there is more empty office space in the CBD than other major capital cities.
The figures show Sydney’s empty office space at 4.84%, Melbourne 6.20%, Brisbane 7.15%, Perth 9%, Canberra 4% and Adelaide 11.51%.
For more information please contact:
Tony Smithies, 0418 126 021
Contact: Tony Smithies on 0418 126 021