Investor Presentaiton
Office demand indicators are positive
Despite emerging cyclical risk, demand to benefit from strength in white collar industries
Hiring intentions are positive despite uncertainty
Net balance
40
20
(20)
Business confidence
(40)
Professional job vacancies (RHS)
(60)
(80)
Jun-16
Jun-17
Jun-18
Net absorption positive in the four major CBDs*
'000sqm
'000 jobs
90
150
100
70
50
50
0
-50
30
-100
-150
10
-200
-10
-250
Jun-19
Jun-20
Jun-21
Jun-22
דין
ııllı.
White collar employment growth is running strongly
% per annum
6%
4%
2%
0%
-2%
-4%
May-16
May-17
May-18
dexus
Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22
Physical building occupancy increasing
Melbourne CBD
All industries
Whitecollar industries
Sydney CBD
Perth CBD
Brisbane CBD
100%
80%
60%
40%
20%
0%
May-19
May-20
May-21
May-22
Jun-20 Sep-20
Dec-20 Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Jun-22
Source: NAB, ABS, PCA, JLL Research (*Sydney CBD, Melbourne CBD, Brisbane CBD, Perth CBD).
64
Dexus 2022 Annual Results Presentation
17 August 2022View entire presentation