Canberra CBD Office Figures Q2 2025

Key Points: 

• CBRE received 45 leasing enquiries totalling 59,175 sqm in Q2 2025. This marked the second consecutive quarter of enquiry growth. The market saw overall net absorption of 6,794 sqm over H1 2025. Leasing activity has continued to be driven by a flight-to-quality and this has led to the Prime end of the market outperforming.
• Canberra saw the delivery of c.53,800 sqm of office space in H1 2025. Current forecasts show full-year development totals are expected to reach c.70,000 sqm.
• Canberra’s overall office vacancy rate ended H1 2025 at 10.7%. This figure represented an increase of 148 bps over the first half
• Consistently low vacancy rates and significant increases to outgoings resulted gross rental rate growth across Canberra in Q2 2025.
• The Canberra office investment market started 2025 on a quiet note with only two transactions closing this quarter.