Call for CBD to be declared a special economic zone to avert empty building crisis | Region Canberra

Canberra’s CBD faces a looming crisis of empty buildings, with a 25% vacancy rate expected by 2029. Richard Snow of the Canberra Airport group advocates for declaring the CBD a special economic zone with incentives for repurposing older office buildings for residential and student accommodation. The ACT Property Council's latest report highlights the need for adaptive reuse strategies to address the vacancy issue.