Chart of the Day: Vacancy rate for office CBD buildings up 0.4% in Q4 22

Grade AA buildings posted the highest increase in vacancy rate.

Savills said vacancy rate for all grading levels of office buildings increased in the final quarter of 2022.

This chart showed that vacancy rate for high-quality office buildings in the central business district inched up 0.4% compared to the previous quarter.

Grade AA buildings documented the highest increase, Savills said.

Overall net take-up for 2022 was higher than the past two years even though there is a slight decline in net demand.

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