Vacany Rate

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Sydney's office vacancy rate has tightened to 7.7%, below the long-term average, according to research from JLL.
The Sydney CBD recorded positive net absorption of 25,600 square metres in the third quarter, taking the 12-month total to 148,000 square metres.
Its vacancy rate now sits below the 20-year average of 8.3%
Demand in the Sydney CBD was concentrated in the technology sector and also education providers, who are now a strong source of occupancy.
All the other state capitals recorded positive net absorption in the third quarter, except for Perth where the vacancy rate sits at 19.6%, its worst since 1995.
JLL's head of office leasing, Australia, Tim O'Connor said Sydney also had increased activity from financial services and infrastructure sector tenants.
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Sydney office vacancy rate tightens while Perth hits 19.6%: JLL

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Sydney's vacancy rates have edged 0.1 percent higher, according to research from the Real Estate Institute of New South Wales.
REINSW President Leanne Pilkington said the October 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.1 percentage points to 2.9 per cent. 
“There has been a slight slowing in those seeking rental accommodation in Inner and Middle Sydney while the Outer Sydney market saw interest increase,” Pilkington said.  
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/16/Sydney-vacancy.jpg" target="_blank">to enlarge.</a>
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/16/Sydney-vacancy.jpg" alt="">
“Inner Sydney rose 0.4 percentage points to 2.8 per cent, Middle Sydney increased 0.1 percentage points to 3.2 per cent and Outer Sydney fell 0.1 percentage points at 2.8 per cent.” 
In the Hunter, vacancy rates slipped 0.3 percentage points at 1.6 per cent, with Newcastle down 1.1 percentage points at 1.8 per cent off the back of a stronger market.
Click here <a href="https://www.propertyobserver.com.au/images/2018/11/16/Vacancy2.jpg" target="_blank">to enlarge.</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/16/Vacancy2.jpg" alt="">
The Illawarra fell 0.1 percentage points despite Wollongong being up 0.1 percentage points to 2.2 per cent. 
 
Across regional areas, Albury remained steady at 2.2 per cent, New England rose 0.3 percentage points to 2.5 per cent and the South Coast fell 0.1 percentage points at 1.8 per cent.
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