Interesting read in the WSJ on 12 November, Real-Estate Scions Are Breaking a Cardinal Rule: Never Sell, sparked. Every office market has its own idiosyncrasies. Yet some things are standard across all global office markets; countless private owners, markets go down and they recover. In Sydney, previous office market...
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Just because we read articles where office buildings in the US get sold for cents on the dollar, doesn’t mean our market should do the same. If it did, there would be buying opportunities everywhere and we would be converting many more office buildings to...
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Inspecting office buildings on a Monday morning in North Sydney is similar to doing the same in Melbourne. Catching the train across the Harbour Bridge to the CBD for afternoon inspections, one notices the real difference between the 2 office markets. Only 3 years ago North...
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Recently NSW Premier Chris Minns issued the C2024-03 NSW Government Sector workplace presence, stating among other things, “Government sector agencies are expected to have flexible work policies that meet reasonable requests of employees, but the default arrangement is to work principally in an approved workplace, office...
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Monday morning and Sydney airport is its usual busy self. I arrive in Melbourne on time and the traffic jam at the airport is unusual but understandable with the works programme underway. As we drive through the CBD, the driver and I both notice how quiet...
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The Corenet Government Forum took place in Canberra the other week with a great set of speakers; Sam Engele (ACT Government), Joydeep Hor (People + Culture Strategies), Tom Payne (Hoyne) and Domino Risch (Placeology). Before heading back to Sydney, we drove around Canberra to take a quick look...
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Last week, the Property Council of Australia (PCA) released its Office Market Report figures for the first half of 2024. The PCA has been doing so since the 1990’s so it is a great indicator for trends in the office market. 2024 started with a flurry...
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Apropos that the start of the new financial year is in the middle of the footy season. The ref blows the whistle and the game begins. The training, the preparation and the analysis that occurs before each game is imperative. The best teams keep improving,...
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In a recent Linkedin post, Dror Poleg commented on the most recent NAIOP Office Space Demand Report for Q2, 2024. These figures are for the US markets and all markets are different. But this is a global trend. Earlier this year we presented the following statistics for office...
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It was a busy week last week with Adelaide and Melbourne having back to back State of the CRE market panels. Adelaide was represented by Zandra McGee of CBRE and Rick Warner of JLL and the discussion focused on the Adelaide office market and the...
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