A current up to date snapshot of Barry Plant offices indicates that the present overall metropolitan vacancy factor at the end of May is 1.6%. The most interesting fact is that the demand in certain suburbs is red hot with offices reporting as low as 0.3% vacancy rate, while other offices have indicated their vacancy rate to be as high as 4.0%. On extreme is Point Cook with over 12% vacant.
Even with the overall low vacancy factor, rents do not appear to be rising with prospective tenants in some suburbs being able to negotiate lower rent.
To know what is happening in your suburb, contact your local Barry Plant Property Manager who will be only too pleased to provide you with an informed update.