CBRE Australian CBD Return to Office Indicator

Key Points: 

• The return to office continues to improve across Australian CBDs in Q1 2024
• Average occupancy reached 76% compared to pre-covid levels. This is up from 70% in Q4 2023 and 67% a year ago.
• The smaller cities of Perth and Adelaide remain the strongest at 93% and 88% respectively in Q1 2024.
• Melbourne’s occupancy on peak days reached 75%, although Mondays and Fridays are still the lowest occupancy days averaging just 48%.
• Organisations still navigating hybrid work, although employees receiving subtle hints to attend the office more often.