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Backfill & Contraction : Brisbane CBD Office Market

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The Brisbane CBD market has continued to face softening conditions over the past six months. There has been a steady stream of space being offered to the market either from backfill space or as tenants have contracted. Backfill space is not necessarily a negative indicator, arising from new supply and tenant mobility; however there is currently significant outflow from the CBD to the Near City market. Contraction space however, whether private sector or Government in origin, is always a direct negative impact on the market, adding to the stock of vacant accommodation and reducing net absorption.

Source : Knight Frank

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Keywords : Knight Frank