I have never fully understood the “earn the commute” refrain. I understand the issues with being on a packed bus on a hot and humid Sydney February afternoon with no aircon. It’s no fun but these days very rare. Interesting, not that long ago it...
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The unofficial start to the commercial real estate industry’s year is the release of the Property Council of Australia’s (PCA) Office Market Report (OMR) on the first Thursday of February. It remains the respected industry standard and sets the tone for the year. This year’s Sydney...
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School is back, holidays are over, and it's time to get to work. In our opinion, flex is going to be one of the main themes of the office industry for 2026. If you look at the bigger picture of the economy, geopolitics, and technology - uncertainty...
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Rather than offering a set of predictions before the onslaught of new figures, theories and hopes, we thought it timely to begin 2026 with a recap on where the national office markets currently sit. Across the six main Australian capital city CBD office markets, vacancy remains...
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With the office market structural shift continuing, and the take up of office space slowly decreasing, the office markets can no longer rely on the usual suspects to take up office space on an ever expanding basis. If they could, there would be more cranes...
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Office space absorption has been CREviews’s focus over the last weeks, and we promise this to be the last one for a while. Last week Dror Poleg, Economic Historian, highlighted an article by Chip Cutter of the WSJ (26 October 2025), “More Big Companies Bet They Can...
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On Monday 17th November, the Sydney CBD was the quietest I have seen for ages. I thought it was just me. But the next day as I was having my haircut, I shared my observation with my barber, and he said his numbers were down X%...
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Office Absorption has changed a lot in the office markets over so many years. The covid era simplified matters and shaped the way office absorption has happened since its start. We look at PCA office absorption for the 5.5 years up to and including January 2020...
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The graph below shows 6 monthly office space absorption in the 6 capital cities since 1990 from the PCA figures. They are the most consistent figures in the market. Last week’s CREview numbers showed how absorption has changed over the last 5 years. But what does the...
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For a while there was a lot of discussion about office space supply; undersupply, lack of supply, even “supply crisis”. As often happens, things have calmed down and that is because supply is not really the issue. Demand is thin, and remains so. In many examples...
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