Investor Presentaiton
Celebrating 50 years FY22 Additional Information
Office: national research
MAJOR LEASES SIGNED 2020+ (NET MOVEMENT)
35,000 sqm
30,000
30,140
25,000
20,000
15,000
27%
10,000
5,000
о
OFFICE VACANCY (TREND BY CITY)
50%
30%
45
25
40
35
20
30
15
13,483
15
8,356
10
50
10
2250
5
14%
5
10%
0
0
BRIS CBD
MEL CBD
SYD CBD
Net new leasing sqm (LHS)
Net increase in space take-up (RHS)
Source: JLL, Mirvac Research, June 2022. Large occupier moves across Sydney, Brisbane, Melbourne.
Analysis includes lease deals on expiry and omits new tenants into market, tenants exiting market and sublease space.
OFFICE PHYSICAL OCCUPANCY AS A % OF PRE-COVID LEVELS
'02
'03 '04
'05 '06
'07 '08 '09 '10 '11 '12
Sydney CBD ● Melbourne CBD
50
mirvac
'13 '14 '15 '16 '17
Brisbane CBD ● Perth CBD
'18
'19
'20
'21 '22
Source: JLL, June 2022
ANZ JOB ADS (INV) VS AUSTRALIAN UNEMPLOYMENT RATE
0 Job Ads
90%
80
70
60
50
40
30
20
°དྱེ B 8 དྱེ ཤྩ >
8%
7
6
5
50,000
100,000
+3
4
150,000
200,000
2
250,000
1
0
300,000
Melbourne
Sydney
Canberra
Brisbane
Adelaide
Perth
'00 '01 '02
'03
Jul 21
Aug 21 Sep 21 Oct 21 Nov 21
Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22
'04 '05 '06 '07 '08 '09 '10 '11 '12 '13
◆ AU Unemployment Rate (LHS)
'14
'15 '16 '17 '18 '19 '20 '21 '22
ANZ, Average Weekly Job Ads (RHS)
Source: Property Council of Australia
Source: JLL, June 2022
11 AUGUST 2022 | 58View entire presentation