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The Canberra Times
The Canberra Times
Lucy Arundell

More than a quarter of office space in Canberra's city centre stands empty: report

More than a quarter of office space in Canberra's city centre is empty and unleased as demand slumps, according to the latest data from an Australian property body.

The office vacancy rate in Civic increased from 12 per cent to 26.4 per cent in the past six months, driven largely by ended leases releasing 116,934 square metres of office space, the equivalent of about 16 soccer fields, back onto the market.

New office buildings in Civic. Picture by Karleen Minney
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