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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Nice to be back from a whirlwind trip in the US visiting 4 cities in 11 days. Nashville is a fun town and if you ever get the chance, go to Broadway and listen to the quality of the bands. The place is a zoo...
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We have previously explained the accordion effect in the office markets, where tenants relocate from one market to another; very often from the CBD to the suburbs or from the suburbs to the CBD The usual culprit is cost. When the costs get too high in...
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CRE is rigid by nature because of the physicality of the built environment; external (buildings) or internal (fitouts). As a result, this inherent rigidity has shaped the Lessee and Lessor leasing equation forever. But things are changing, and lessees are wanting more flexibility. The Corenet Flex Factor...
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After reading and hearing so much about the supply crisis, we delved further into the facts and figures to see what it was really all about. There is enough to write a white paper but too much for CREview so following are just a handful...
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