Last stop on the national Corenet State of the CRE Market panel circuit was Melbourne represented by Jess van Raay of JLL and Cameron Douglas Perrine of CBRE. Melbourne CBD is a huge office market and only about one A Grade office building smaller than the...
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It is always nice to get back to Perth and moderate the Corenet Global State of the CRE market panel for Perth. The Panellists were Alyson Martinovich of Knight Frank and Damian Stone of Y Research and the discussion focused on the Perth office market...
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Last week was the Corenet Global State of the CRE market panel for Sydney with panellists Sarah Brown of CBRE and Dominic Brown of Cushman & Wakefield. It was a privilege to moderate the discussion on the Sydney office market and the trends affecting occupiers. The...
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Recently we caught up with Callan Cameron, Director, and Founder at Propella.ai. We love their human centric approach to data, such as determining that the typical retail catchment area for a CBD building is roughly a 7-minute walk in any direction. It’s called an “isochrone’,...
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It was a pleasure to moderate the CoreNet Global State of the CRE Market panel in Brisbane last week with panellists Laura West of White Partners and Tom Broderick of CBRE. The focus was the Brisbane CBD office market and the trends that are (or...
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“Spec”, “as new”, “retrofitted”, “existing”, “partial”, “ready-to-occupy”, “move-in ready”, …. fitout. Anyone involved in the CRE office market at the moment is bombarding or bombarded with spec fitouts (brand new) or existing fitouts (not brand new). All are “fitted” suites. There are many really good quality...
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The Property Council of Australia released the office vacancy figures last week. According to their figures, total National Office vacancy increased to 14.8%, CBD vacancy increased to 13.5% and non-CBD vacancy increased to 17.9%. Overall, the markets remain soft and it looks like this will...
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Flight to quality has been the most commonly used term in the commercial real estate industry for quite some time. Flight to quality is about tenants upgrading office premises; moving to better quality buildings, from A to Premium, B to A and so on. To...
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Happy new year and hope you had a wonderful break from work. 2024 will be a fascinating year in the Australian office markets and CREview believes technology will be the #1 disrupter. From 2020 to late 2022, the main technological breakthrough was not technology itself but...
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In the usual flurry of activity trying to get things done by the end of the year, it is always good to pause for a moment, and check where the market is at. Office occupancy rates have been increasing as more people have returned to the...
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