According to a recent Property Council of Australia (PCA) survey, Canberra’s office occupancy rates have increased for the third month in a row during this “difficult period”.

PCA Acting ACT Executive Director, Adele Lausberg, said the three per cent increase is promising, due to having been recorded to be in the final phase of the latest Omicron wave and flu infections.

“Although the rates only increased from 61 per cent to 64 per cent, it shows a resilient office market during a harsh winter, with us even hitting a peak of 78 per cent on some days,” Ms Lausberg said.

“While the results are still a way off the previous recovery high points seen around May 2021, they show the resilience of the Canberra CBD office, with occupancy levels remaining stable throughout a difficult period.”

Health concerns surrounding the latest wave fell from 30 to 15 per cent, and public transport concerns decreased from 13 to 12 per cent.

“People are the lifeblood of CBDs, and we don’t yet have enough of them back in our city centres to support our ecosystems of small businesses that call our CBDs home,” Ms Lausberg said.

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