There were 17 transactions which took place in Quarter One 2021, 15% down year on year. Positively, the average sale price of assets transacted increased across both CBD ($40.1m,17%) and Metro Markets ($29.1m,16%), despite total sales volumes falling by 16%. CBD markets across the country continue to be tightly held with 4 assets transacting nationally, whilst New South Wales and Queensland metro markets transacted 4 respectfully.
Colliers are proud to hold a 53% market share in the Office Middle Markets across the first quarter of the year, transacting 9 of 17 assets.