A surge in demand in Brisbane and Melbourne has seen office markets hold steady overall despite a flood of new supply coming online, the latest report has revealed.

In its latest report, the Property Council of Australia says office vacancy rates in CBD markets edged downward from 11.0 percent in July last year to 10.9 percent in January as net supply additions of 90,924 sqm (CBD markets only) were matched by the net absorption of 99,574 sqm. Leading…