Canberra CBD Office Figures Q1 2026

Key Points:

• CBRE received 50 leasing enquiries totalling 21,017 sqm in Q1 2026. This marked a volume increase of 37.7% compared to Q4 2025.
• Canberra’s overall office vacancy rate ended 2025 at 10.2%. This figure represented a decrease of 42 bps over the second half of the year. Prime vacancy rates declined across much of the market.
• The Canberra office market is set to see the delivery of c.49,000 sqm of new supply in 2026 and c.53,000 sqm in 2027.
• Consistently low vacancy rates, significant increases to outgoings, and the introduction of new stock to the market resulted in gross rental rate growth across Canberra over the last year.
• The investment market also remained quiet in Q1 2026 with only two transactions totalling AUD 14 million closing over the quarter.