Sydney Real Estate News
Sydney
Australia's Office Sublease Market Recovering, Regardless of City Lockdowns
Global property consultant CBRE is reporting this week that office sublease availability across Australia's major cities has fallen to the lowest level in a year, despite prolonged lockdown restrictions in Sydney and Melbourne.
Despite COVID, Australia Hotel Sales Enjoy 5-Year High
According to global property consultant CBRE, Australian hotels sales have surged to almost $2 billion this year - hitting a five-year high and up from just $681 million 2020 - despite a year of lockdowns and ongoing travel restrictions.
Growing Asia Pacific Hotel Investments in 2021 Reflects Growing Optimism
On a quarter-over-quarter basis, Q2 2021 saw $2.3 billion in hotel transaction volume across the region, a 5.1% slide from Q1 2021. Japan, Mainland China, Korea and Australia made up the bulk of sales volume during the second quarter, says CBRE.
Logistics Explosion Drives Record Warehouse Absorption in Asia Pacific
According to a new survey by CBRE, logistics occupiers have big plans to expand their warehouse footprint in Asia Pacific over the next three years on the back of growing optimism about the operating environment.
