Investor Presentaiton
Australia Office Market
Sydney CBD
Prime Grade
occupancy
at 84.1%
94.9% 96.0% 95.2%
964 1,032 1,045
87.5% 88.6% 85.3% 85.7% 85.1% 84.1%
947
92.1% 90.4% 89.9%
75.5% 79.9%
84.0% 83.0% 79.0% 75.8%
930
919
934
947
885
North Sydney
641
676
729
670
686
684
684
688 651
Prime Grade
occupancy at 75.8%
Macquarie Park
Prime Grade
occupancy
at 83.4%
4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 1Q23 2Q23 3Q23
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 1Q23 2Q23 3Q23
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
93.7% 93.6% 94.7%
89.6%
94.0% 97.0% 98.2%
88.8% 86.6% 85.6% 83.6% 83.4%
86.2% 84.7%
84.0% 83.8% 83.4% 83.9%
Melbourne CBD
573
503
538
546
522 522
526 524
516
344
367
391
378
378 375
366
379
362
4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 1Q23 2Q23 3Q23
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
Prime Grade
occupancy
at 83.9%
4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 1Q23 2Q23 3Q23
I Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
Perth CBD
Prime Grade
occupancy
at 85.8%
Keppel REIT
Source: JLL Research, 3Q 2023.
81.4% 84.0% 86.5% 84.3% 86.0% 85.0% 83.4% 84.4% 85.8%
435 447 453
448 453 451 458
444 447
4Q17 4Q18 4Q19 4Q20 4Q21 4Q22 1Q23 2Q23 3Q23
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
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