Spotlight: Office Briefing May 2026

A constrained supply pipeline and sustained demand for Prime space are bringing the office market toward a turning point in the vacancy cycle.

Key Highlights:

• Demand for office space remains concentrated in the Prime segment, reinforcing a bifurcated market.
• Nationally, vacancy is likely to reach a cyclical peak in 2026 amid an increasingly constrained supply pipeline.
•  Prime rental growth is gaining momentum, led by Brisbane.
• Stronger annual investment volumes point to sustained investor demand despite weaker activity in Q1.
• Premium assets continue to outperform, posting stronger annual growth and experiencing less repricing than lower-grade assets.

Read our Spotlight here