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Canberra office vacancy rate has decreased by more than 2 per cent in the past year, headlined by a strong uptake of the city premium stock. New ACT Property Council figures published on Wednesday paint a positive picture for Canberra office market, showing demand for space ranked behind only Melbourne among Australia central business districts. But the lobby group has raised concerns about “red flags” for the sector, including a tighter lending market and the impact of the ACT government commercial rates reforms.

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