Original article by Roy Morgan
Market Research Update – Page: Online : 1-Oct-25
Roy Morgan research reveals that Australia’s central business district workforces have seen strong long-term growth over the past two decades, with most CBDs now surpassing their pre-pandemic peaks. Just 974,000 Australians worked in CBDs in 2003-04. Since then, the total has more than doubled to a record 2.2 million in 2024-25, driven largely by Australia’s population growth. Melbourne’s CBD workforce expanded significantly over the past two decades, more than doubling from 246,000 in 2003-04 to 614,000 in 2019-20. However, the pandemic had a disproportionate impact on Melbourne compared with other capitals. Worker numbers declined by nearly 100,000 within two years, reaching 519,000 in 2021-22, largely due to extended lockdowns and slower office re-entry. The workforce has since recovered to 577,000 but remains 37,000 below the pre-pandemic peak. Meanwhile, Sydney’s CBD workforce has surged from 283,000 workers in 2003-04 to 670,000 in 2024-25, rebounding strongly after a small pandemic dip and cementing its position as Australia’s largest CBD workforce. Brisbane’s CBD workforce has more than doubled, from 125,000 to 320,000, with rapid post-pandemic growth.
CORPORATES
ROY MORGAN LIMITED