Cushman and Wakefield | The Occupier Reset

01 STATE OF PLAY

CUSHMAN & WAKEFIELD | 8

AUSTRALIA'S OCCUPIER MARKET OUTLOOK

CURRENT OCCUPIER MARKET SNAPSHOT National and capital city conditions to Q3 2026.

NATIONAL

2.0% Prime annual rental growth

3,399,355 sqm YTD 2026 gross take-up

767,386 sqm YTD 2026 net absorption

3.7% Q3 2026 vacancy rate

SYDNEY

MELBOURNE

BRISBANE

ADELAIDE

PERTH

YTD 2026 gross take-up 1,001,450 sqm Q3 2026 vacancy rate 3.9% Q3 2026 average prime rent $259/sqm

YTD 2026 gross take-up 1,132,203 sqm Q3 2026 vacancy rate 4.4% Q3 2026 average prime rent $162/sqm

YTD 2026 gross take-up 869,501 sqm Q3 2026 vacancy rate 3.1% Q3 2026 average prime rent $190/sqm

YTD 2026 gross take-up 122,511 sqm Q3 2026 vacancy rate 2.6% Q3 2026 average prime rent $154/sqm

YTD 2026 gross take-up 273,690 sqm Q3 2026 vacancy rate 2.2% Q3 2026 average prime rent $173/sqm

Source: Cushman & Wakefield Research