Conditions for office demand remain resilient in the face of global uncertainty
The Dexus Office Demand Barometer registered 2.4% in the March 2018 quarter, remaining in ‘good’ territory despite uncertain global conditions, talk of trade wars and volatility in the share market.
A solid uplift in job advertisements kept the barometer elevated. Total advertisements are 12.8% higher than a year ago, suggesting strong hiring levels will persist in the months ahead.
A significant proportion of job listings were for white collar employment, which bodes well for office demand.