Sales volumes in H1 were $4.7 billion across 68 transactions, a ~47% decrease on 2019 ($8.8 billion)

 

Prime face rents held steady across the board, except for Brisbane the only CBD market to record a fall

 

Incentives have risen in Sydney, Melbourne and Brisbane, resulting in falls in net effective rent

 

Vacancy in Sydney and Melbourne is rising as is available sublease space

 

Leasing activity in terms of enquiry levels has remained healthy in most markets since COVID 19 outbreak, however, further lockdowns may set these back

 

Prime yields remained unchanged due to limited sales activity but are likely to trend up for the rest of 2020