October 2023

Repurposing Commercial Real Estate

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...

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The Office Market Accordion Keeps Playing

The office market accordion keeps playing, and Adelaide is a good example. The recent JLL graph below for the Adelaide office market highlights that competitive rents and incentives have enticed some tenants back to the CBD over the last few years. Demand has been positive...

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Subleasing Takes Time

At the onset of the pandemic predictions of massive office subleasing swirled throughout the office markets as many occupiers quickly contemplated putting a lot of sublease space on the market. Some did. In the back half of 2020, expert forecasts during the Corenet Global State of...

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