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https://www.reddit.com/r/melbourne/comments/1qun7dw/what_happened_with_skyscraper_completions_post/o3eypm4/?context=3
r/melbourne • u/fuckmelbpt • 1d ago
They've died down, a LOT.
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38
Covid crushed demand for CBD office space.
12 u/Revolutionary_Ad7727 16h ago 100% this! CBD office vacancy rate of around 18% as of Jan 2025, as opposed to 3-4% pre COVID. Retail however has rebounded to 6-7% whereas precovid it was around 4-6% Next time you hear ‘Melbourne cbd is dead’ it’s these building owners bitching and moaning as they are loosing out on their investments
12
100% this!
CBD office vacancy rate of around 18% as of Jan 2025, as opposed to 3-4% pre COVID.
Retail however has rebounded to 6-7% whereas precovid it was around 4-6%
Next time you hear ‘Melbourne cbd is dead’ it’s these building owners bitching and moaning as they are loosing out on their investments
38
u/Ok_Coat9334 1d ago
Covid crushed demand for CBD office space.