Melbourne and Canberra recording their highest office occupancy levels since June 2021 says the latest Office Occupancy survey by the Property Council of Australia. Property Council Chief Executive Ken Morrison said the results were a pleasing starting point to kick off the year.
The number of Australians working from the office has bounced back to pre-Omicron levels, with Melbourne and Canberra recording their highest office occupancy levels since June 2021.
The latest Office Occupancy survey by the Property Council of Australia shows that following record low occupancy in January, caused by a combination of Omicron and the holiday period, there was a consistent lift in office workers returning to CBDs across Australia.
Property Council Chief Executive Ken Morrison said the results were a pleasing starting point to kick off the year.
“Given occupancy really bottomed out in January because of the Omicron wave and holidays, it’s heartening to see such a significant turnaround just one month later,” Mr Morrison said.
“There is still a long way to go and there are local factors affecting each city, but these figures are a strong start which we expect to accelerate in March, as more businesses reopen their offices.
“It’s important that governments, councils and business have a big focus on bringing our CBDs back to life,” he said.
The February survey of office owners revealed Melbourne’s CBD reached 15 per cent occupancy, while Canberra achieved 21 per cent, levels not seen in those capitals since June 2021 (when occupancy was at 26 per cent and 72 per cent respectively). Sydney recorded 18 per cent occupancy, which was just shy of its November figure (23 per cent).
The strongest rebounds were recorded in Brisbane, where occupancy jumped from a record low of 13 per cent to 41 per cent, and Adelaide, which came off a low of 11 per cent in January to achieve 47 per cent occupancy in February.
The only CBD which didn’t record a positive boost was Perth, which recorded its lowest office occupancy rate (55 per cent) since the survey commenced in July 2020.
The full results for the February Office Occupancy Survey can be found via the web link in below contact form.