Major CBD office towers in Australia are being sold at a 20% discount to their peak value, indicating that the correction in the office market is nearing its bottom.
Major CBD office towers in Australia are being sold at a 20% discount to their peak value, indicating that the correction in the office market is nearing its bottom. Analysts believe that these transactions will set the pricing benchmark for the next 12 months.
Recent deals include the sale of a 16-storey building in Melbourne and a $300 million tower in Brisbane. The market value of these properties is now around 17% lower than two years ago.
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CBD Office Towers Australia Discount Correction Market Bottom Transactions Pricing Benchmark Melbourne Brisbane