Canberra Office Market
Key metrics and trends for the Canberra (ACT) office market.
Vacancy Rate
8.1%
Stable
Avg Net Face Rent
$500
$380 – $620 /sqm/yr
Avg Incentive
22.0%
18.0% – 28.0%
Market Sentiment
Landlord Favoured
Effective Rent
Low
$290
Average
$390
High
$490
Vacancy Rate History
7.2%2019
9.5%2020
10.8%2021
10.2%2022
9.4%2023
8.6%2024
8.1%2025
Supply Pipeline
48,000 sqm
Under construction, expected completion 2026
Major projects:
- Constitution Place Stage 2 (24,000 sqm)
- City Hill Precinct (24,000 sqm)
Last updated: 2025-06-30
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