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Subdued Office Occupancy Underpins Need To Support CBD
The latest results of the Property Council’s office occupancy survey show that Brisbane’s CBD activity levels have remained flat during April, as the Property Council ramps up efforts to encourage workers to return to the city.
The survey revealed Brisbane’s CBD occupancy level had stagnated at just over 60 per cent in April, marking the fifth consecutive month of little movement in the return to workplaces.
The Property Council’s Queensland Deputy Executive Director, Jen Williams, explained that while flexibility will continue to be a major feature of workplaces and there remains a small risk of future lockdowns, there is still a long way to go until the CBD reaches the level of occupancy anticipated in the new ‘normal’.
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Brisbane Holiday Dollars a positive move for CBD
The Property Council of Australia has applauded the Queensland Government and Brisbane City Council for their support of the city through today’s announcement of the Brisbane Holiday Dollars program.
This initiative shows Government understands the important role a thriving capital city plays in contributing to the State’s broader economy, and is getting behind local businesses at a time when they need it most.
Property Council Queensland Deputy Executive Director, Jen Williams, said with JobKeeper coming to an end last month, the program will create extra momentum and certainty for many operators across the city centre.