Knight Frank – Your Space: Australian & New Zealand Edition, 1Q 2025

The main theme of the report is the analysis of trends and strategies in real estate and workspaces in Australia and New Zealand.

Key findings include economic stability and pandemic impacts influencing workspace strategies, low office relocation levels due to high moving costs, expected growth in 2025 driven by lower interest rates, high office vacancy rates but potential rent growth in Sydney and Brisbane due to a lack of new supply, policy changes supporting Build-to-Rent projects, the shift to remote and flexible work altering office space usage, real estate as a strategic tool for supporting organizational culture and productivity, and cost reduction and optimization of existing spaces remaining priorities.