Australia’s Office Sublease Market Recovering, Regardless of City Lockdowns

Reports show that sublease availability across Australia’s major cities has now fallen to the lowest level in a year, despite Australia’s covid lockdown restrictions. Mark Curtain, Pacific Head of Office Leasing Mark Curtain at CBRE stated, “we expect sublease availability to continue to decline in most markets over the coming months as occupier demand increases and as tenant contraction begins to ease.”