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...
Read More
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...
Read More
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...
Read More
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...
Read More
Last week Managing Director of Leesman, Kyle De Bruin, presented Leesman’s latest report titled “Rhythms”. Like Kyle’s presentation at the Corenet conference the other week, it was brilliant. The Rhythms report “captures the evolving rhythms of employee behaviour in a hybrid working world, aiming to increase the understanding of three core...
Read More
The annual CoreNet conference “The Revolution of Experience” was held last week at the fantastic new Illumina venue in 1 Elizabeth Street. It was voted by many as the best conference yet and I agree. Congratulations to the Corenet team on such a successful event. The wider CRE...
Read More
The Australian Financial Review Property Summit on Monday was a great event and thank you to the AFR, its staff, and all speakers for an insightful look into the commercial property world. The panel that resonated the most was "The Great Retail Revival" with Elliott Rusanow, CEO, Scentre...
Read More
For the last little while, the most popular word in the office market community has been “supply”. Not enough supply, undersupply, supply shortage, you name it – supply is everywhere. Every time I look for a CRE tenant client, I find the “supply”. Whether the vacancy...
Read More
In looking at the PCA OMR vacancy numbers for the 6 major capital city CBD’s, it’s all straight forward. One can talk it up or down but there were no surprises. [caption id="attachment_6085" align="aligncenter" width="450"] Source: Property Council of Australia Office Market Report 1990-2025[/caption] Vacancy increased marginally...
Read More
Every 6 months since January 1990, the Property Council of Australia has released its Office Market Report (OMR). It is a consistent and highly anticipated update on the office markets around the country. The OMR release event in Sydney always reminds me of the 1980’s...
Read More