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flag Australian office vacancy rates rise in major cities, but demand for high-quality spaces persists.

flag Australia's big-city office vacancy rates have increased slightly, reflecting challenges in the CBD markets. flag Sydney's vacancy rate rose to 12.8%, and Melbourne's remained at 18%. flag However, there's a growing demand for higher-quality A-grade office spaces in cities like Newcastle, where the vacancy rate fell to 14.9% due to strong demand for modern, amenity-rich towers. flag This trend suggests businesses are prioritizing quality to attract employees back to the office.

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