Explore Office Trends

Colliers Deal Activity Q1 2021 (by Area)

Leasing activity has started to gather pace through 2021 with 162 deals across both CBD and non-CBD markets. Of these, 84 deals were signed in the CBD and 78 across non-CBD markets. However, deal activity is not yet showing any significant signs of decentralisation or centralisation and hub and spoke has yet to play out. Relocation activity is happening within markets and a trend of relocation from metro/suburban markets to Fringe locations has started to emerge.

Metro Office sales by city

The metro office investment market bounced back in the last quarter of 2020, a sign of improved sentiment in office markets generally. The first quarter of 2021 has been softer with $457.9 million of sales transacted, however, we expect activity to pick up over the remainder of 2021. Metro markets sales accounted for 44% of the total office transactions in the year to March 2021 compared to 38% over the year to March 2020. Metro markets have remained an attractive investment with the continued weight of capital looking to be placed in the office sector.

Research & Forecast Report H1 2021

Metro Office

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Our Experts


Joanne Henderson

National Director, Research |

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Simon Hunt

Managing Director, Office Leasing |

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Adam Woodward

Head of Office, Capital Markets |

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Matthew Meynell

Head of Investment Services |


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Jonathan Petsalis

Head of Office, Valuation & Advisory Services|

Denis Coupland

Denis Coupland

Managing Director, Real Estate Management Services |

Doug Henry-4

Doug Henry

Managing Director, Occupier Services|

Simon Crouch

Simon Crouch

Head of Tenant Advisory, Occupier Services|

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Office CBD RFR H1 2021 Report
Industrial RFR H1 2021 Report
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