Introduction
While the leasing assessment process remains somewhat prolonged, there has been a positive shift, with tenants gradually re-engaging with the market. This trend has been reflected in a diverse tenant profile across various sectors, driving an increase in gross take-up activity in the second half of 2024. Although take-up volumes remain slightly below 2023 levels, total 2024 gross take-up is 8% higher than the 10-year average. The annual gross take-up was particularly strong in Brisbane, Adelaide, and Perth, where all three cities recorded annual take-up volumes 40% above their respective 10-year averages...
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