Capital city markets led the shift. Vacancy in capital city areas rose to 1.51% over January, slightly above the regional rate of 1.40%. Among the capitals, Hobart recorded the largest monthly jump in vacancy, up 0.36 percentage points, yet remains the tightest market at just 0.72%. Perth and Brisbane followed as the next-tightest markets, with vacancies at 1.11% and 1.13%, respectively.
