adelaide cbd office research forecast report second half 2012

-20,000

-10,000

0

10,000

20,000

30,000

40,000

50,000

-1.5%

-1.0%

-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

6 month Net Absorption Adelaide CBD White Collar Employment

Forecast

-300 -200 -100 0 100 200 300 400 500

Public Administration and Safety

Wholesale Trade

Financial and Insurance Services

Administrative and Support Services

Accommodation and Food Services

Manufacturing

Rental, Hiring and Real Estate Services

Education and Training

Transport, Postal and Warehousing

Retail Trade

Information Media and Telecommunications

Electricity, Gas, Water and Waste Services

Construction

Agriculture and mining

Other Services

Arts and Recreation Services

Professional, Scientific and Technical Services

Health Care and Social Assistance

Overall White Collar

Change in persons

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

New or U/C Leased New or U/C Vacant Refurb/Backfill Leased Refurb/Backfill Vacant

2011 Mooted 2012 2013 2014

2.4%3.3%

6.8%

12.1%

15.0%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

Premium A Grade B Grade C Grade D Grade

Jul-11 Jan-12 Jul-12

7.7%

12.0%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

22.00%

CBD Total Vacancy Rate 20 Year Historical Average

Forecast

Premium

A Grade

B Grade

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

$550

$600

Premium A Grade B Grade

Forecast

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

Average A Grade Capital Value Average A Grade Yield

-15

-10

-5

0

5

10

15

Capital Return Income Return

0% 0%

40%

25%

33%

100%

44%

20%

22%

20%50%

33%

20% %33%52%33

2008 2009 2010 2011 2012 YTD

Syndicate

Corporate

Foreign

Private

Institution