Canberra CBD Office Figures Q3 2025

Key Points:

• CBRE has received 131 leasing enquiries totalling 104,663 sqm over 2025. This marked a slight decline compared to the same period if 2024 but well above the pace set over 2022 and 2023.
• Canberra saw the delivery of c.53,800 sqm of office space in 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.
• Rents and incentives were held stable in Q3 2025 following the previous 12-months when consistently low vacancy rates and significant increases to outgoings resulted in substantial gross rental rate growth across the market.
• The Canberra office investment market has had a quiet 2025 with only three transactions closing this year for a total of AUD 86.0 million.