Australian Office Outlook 2025

AUSTRALIA’S OFFICE MARKET:
RECOVERY AND REALIGNMENT IN 2025

The Australian office market is on the path to recovery, with investment activity and occupier demand stabilising across key CBDs. While Sydney and Brisbane are leading the rebound, Melbourne, Perth, and Adelaide are experiencing a more measured recovery, underpinned by strong long-term fundamentals.

A flight to centrality is shaping demand, as occupiers prioritise core locations like Sydney’s Financial Core and Melbourne’s Eastern and Western Cores. Businesses are consolidating into well-connected office hubs, reinforcing demand for good-quality assets in prime precincts.

With the market having bottomed out in 2024, investment sentiment is on the rise. Transaction volumes are picking up, as stabilising interest rates and more aligned pricing expectations bring capital back into the sector.

At the same time, new supply is tightening, particularly in core CBD locations, which is expected to support rental growth in well-positioned office assets over the coming years.

Our Australian Office 2025 Outlook Report provides an in-depth analysis of the sector’s trajectory, covering market dynamics, rental performance, leasing momentum, and investment outlook.

We highlight the key factors shaping 2025 and beyond, offering insights for investors, landlords, and occupiers navigating the next phase of the office market cycle.
Download the report now to find out more.