Lockdowns slow progress towards CBD reactivation
Australian CBDs are feeling the impact of recent COVID-19 lockdowns, with new data revealing a deceleration in the rate of workers returning to their offices.
The Property Council of Australia’s latest office occupancy survey has found little growth in the number of workers returning to offices in February across most Australian CBDs.
Following recent snap lockdowns, Melbourne and Perth CBDs both had less workers at the end of February than they had at the end of January. Melbourne’s CBD recorded only 24% occupancy in the final week of February.
Sydney’s CBD experienced the strongest growth last month with 48% occupancy recorded – up from 45% in the final week of January.