Market statistics
Insight
30 January 2026
Canberra Office Market Dynamics Q4 2025
Categories:
- Canberra office market posts 19,700 sqm negative net absorption in Q4 2025, marking the second consecutive quarter of negative demand. Despite rising to 10.4%, vacancy remains the lowest among Australian CBDs tracked by JLL.
- Canberra leads Australia with 238,700 sqm under construction across nine projects, representing 29.6% of the national pipeline.
- Prime net effective rents rise 2.3% over Q4 2025 in Canberra, while incentives and yields remain unchanged across both grades.