So much office market analysis is based on data but often the data only gets you so far when trying to determine the direction of the market. Data in its own right is historic, like office building valuations. It sets a baseline up to the...
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The Property Council of Australia releases its Office Market Report (OMR) on Thursday morning. While we wait with bated breath to see what the future holds, it is always fascinating to reflect on the past. We compiled examples of a few leasing deals we completed from...
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CREview is our way of sharing views and opinions on CRE markets and issues that affect the industry. 2024 was the year Covid became a distant memory, the industrial markets adjusted after the biggest boom we’ve seen, the office markets kept plodding along, and the AI...
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The penultimate working week before the holiday break. Over the last year, we have seen, heard, and reported on the various office, industrial, and alternative markets in which we operate. Last week’s CREview outlined some of our general observations for 2024. Of course, technology and the workplace...
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Like clockwork, every year end the CRE industry experiences a flurry of activity which slows as people begin to wind down. It starts in October once the kids go back to school, gets interrupted in early November, and then all of a sudden there are...
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In 2008, a tenant client agreed to a 6-page green lease schedule to reinforce its corporate commitment to the environment. It was similar to the NSW government’s requirement at the time for its premises to have a 4.5 star energy rating. However because our client...
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Not that long ago, industrial vacancy in Sydney was under 1%. If you were a tenant, there was effectively no choice and rents were climbing during negotiations. For new speculative developments, rents were not advertised until close to Practical Completion (PC) so the highest possible...
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Interesting read in the WSJ on 12 November, Real-Estate Scions Are Breaking a Cardinal Rule: Never Sell, sparked. Every office market has its own idiosyncrasies. Yet some things are standard across all global office markets; countless private owners, markets go down and they recover. In Sydney, previous office market...
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Our previous week’s CREview, noted; Where it [impact of AI] ends up, we don’t know. What we do know, is the last round of “automation technology” slowly and steadily reduced the use of office space from 15 m2 per person in the mid-1990’s to 10 m2 per...
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In late July, we introduced Pullinen Property Group’s ESG initiative, CREcycle. We highlighted, “… energy has dominated the conversation for years, making it easy for the CRE industry to follow suit by focusing almost exclusively on NABERS energy ratings.” But what about the other NABERS? Looking at the...
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