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Office occupancy falls again as Melbourne feels bite of circuit-breaker lockdown

Date Time Office occupancy falls again as Melbourne feels bite of circuit-breaker lockdown Melbourne’s office occupancy fell to 24 per cent in February, as the city’s circuit-breaker lockdown stalled confidence in Victoria’s return to office plans. The Property Council of Australia’s February Office Occupancy Survey released today, shows a decrease from 31 per cent in January, although the figure has risen from 12 per cent in December after reaching a low of 7 per cent in October. Despite a fall in the number of people returning to the office in the face of the most recent outbreak in January, the Government restarted the safe and progressive roadmap to reopening offices, with up to 75 per cent of public and private sector employees now able to return to the office from 1 March 2021.

New south walesDanni hunterProperty council of australiaOffice occupancyProperty councilProperty council of australia february office occupancyProperty council of australia office occupancyProperty council of australia victorianFebruary office occupancy surveyOffice occupancy surveyVictorian governmentVictorian executive directorReal estateWork life balanceபுதியது தெற்கு வேல்ஸ்டன்னி வேட்டைக்காரன்

Lockdowns slow progress towards CBD reactivation

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.

Western australiaNew south walesSouth australiaAustralian capital territoryKen morrisonProperty council of australiaProperty councilCouncil chief executive ken morrisonReal estateHealth and safetyPublic healthமேற்கு ஆஸ்திரேலியாபுதியது தெற்கு வேல்ஸ்தெற்கு ஆஸ்திரேலியாஆஸ்திரேலிய மூலதனம் பிரதேசம்கேன் மோரிசன்

Back to the office: Valuer eyes record $30m sale | Sunshine Coast Daily

There s also a current contract on Centrelink at Caloundra for just over $8 million. He said the Ochre Health Facility recently sold to an interstate investor for $15.3 million, presenting a net yield of 5.36 per cent. Mr McKillop said it was sold with Ochre Health signing a 15-year lease with options for two 10-year extensions. He said a recent Property Council of Australia report showed the Coast was defying national trends. Vacancy rates for non-CBD markets in Australia increased from 9.2 per cent to 13.4 per cent in the 12 months to January. But Mr McKillop said the Coast s office property vacancy rate fell from 16.7 per cent to 13 per cent during the same period.

Sunshine coastHerron todd whiteOchre healthProperty council of australiaOchre health facilityHerron todd white sunshine coastProperty councilHerron todd white market reportProperty marketSunshine coast office marketVacancy ratesசூரிய ஒளி கடற்கரைஹெரான் டாட் வெள்ளைக்ர் ஆரோக்கியம்ப்ராபர்டீ சபை ஆஃப் ஆஸ்திரேலியாக்ர் ஆரோக்கியம் வசதி

Federal Budget needs further measures to drive economic recovery while protecting people s health

The peak body for Australia's property industry is calling on the Australian Government to begin to reignite one of the biggest engines of economic.

Ken morrisonProperty councilAustralian governmentHalton reviewProperty council of australiaReal estateHome builderJob seekerInternational studentsHealth servicesFederal budgetZero emissionகேன் மோரிசன்ப்ராபர்டீ சபைஆஸ்திரேலிய அரசுஹால்டன் விமர்சனம்

Inside Track: Property & Real Estate - In the media, In practice and courts, Cases and Legislation - Real Estate and Construction

Inside Track: Property & Real Estate - In the media, In practice and courts, Cases and Legislation - Real Estate and Construction
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.

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