Data confidence level:
Corporate real estate is an important topic for the economic health of a city. The grading system used by Knight Frank categorizes primary and secondary office space by the use of advanced valuation software, rigid reporting and quality review processes and by utilising global, national and local networks. As real estate prices rise, so too does that of office space, making it increasingly difficult for small and young businesses to establish themselves, particularly in primary or central locations. As a result, secondary office space is an important factor for economic prosperity. This FACT indicates the average gross face office rent for secondary core locations, in Australian dollars per square metre per week, in each Australian capital city.
* Adelaide, Brisbane and Canberra are using gross profit data, whereas with Melbourne, Perth and Sydney, only the median net profit could be found. No data was available for Darwin and Hobart.