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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
What is the difference between office space occupancy and office space utilisation? In essence one is used by the supply side of the office equation (Lessors), and the other is used by the demand side of the equation (Lessees). We look at “occupancy”. Here is an...
Read More
As the office markets turn and vacancy climbs, the better buildings slowly lease up and the lesser quality buildings struggle. Like clockwork the narrative turns to repurposing the buildings that are struggling to other uses. But is this real and is this the answer? Repurposing works when...
Read More
CRE tenants consider ESG in varying degrees when making new office decisions. The biggest tenants consider it more than the local small business for 2 main reasons; resources and the cost. The good thing is that it is not out of reach as the below shows. We...
Read More
High office vacancy rates around the world have everyone talking about what to do with older and more obsolete office buildings. Recently Carter Jonas (agency) reported that “close to 20% of UK offices are likely to be unlettable to the majority of occupiers with investment because...
Read More