High vacancies hit office floors

Original article by Mercedes Ruehl
The Australian Financial Review – Page: 11 : 7-Aug-14

New data shows that the office vacancy rate across Australia has risen to 10.7 per cent, which is its highest level in 17 years. Melbourne and Sydney were the only capital cities in which the vacancy rate fell in the first half of 2014. David Harrison of Charter Hall expects the difficult market conditions to continue, noting that landlords have increased their incentives and new stock is coming onto the market in every major city

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CHARTER HALL GROUP – ASX CHC, PROPERTY COUNCIL OF AUSTRALIA LIMITED, DEXUS PROPERTY GROUP – ASX DXS, JONES LANG LASALLE AUSTRALIA PTY LTD, CADIGAL OFFICE LEASING PTY LTD

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