Whilst researching for the CoreNet Global government forum last week, it became increasingly obvious that we are in a three-tier market. The top tier starts with A. These are the best buildings, with generally the highest ESG ratings. They are typically the buildings we hear and...
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On Tuesday, I had the pleasure of presenting an overview of the Australian CRE markets at the CoreNet Global Government Forum in Canberra. It was a great opportunity to share views at a forum focused on the largest office tenant in the country. In preparing for...
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Long gone are the asbestos saw toothed roofs of manufacturing companies. Continued improvements in automation, the rise of China, and the arrival of the internet, not only reduced manufacturing in Australia, but pushed industrial development further and further way from inner city locations. Importing of goods increased,...
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The built environment is responsible for close to 40% of greenhouse gas emissions. The CRE industry is making a big effort to reduce this, some of it mandatory, some of it voluntary. More and more parties (Lessors and Lessees) are making a contribution towards a more...
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Following last week’s CREview on office space, one reader noted there was no reference to white collar employment. Ask a young person about white collar employment and the first reaction may be, “no one wears white collars anymore”. They do, just not in the numbers when...
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The question on the lips of the CRE industry is – how much office space does an office tenant actually need? Well, it depends. It is almost impossible to answer the question in a generic sense because there are so many determining factors, and it depends...
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The “flight to quality” storyline has neatly split the market into 2 main baskets; A and B or simply the best and the rest. The real story goes, the best buildings met the market, leased up space, and changed the terms on offer. Now they don’t...
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A recent report published by Deloitte highlights key factors shaping both career and lifestyle choices for Gen Z and Millennials. With a spotlight on sustainability in the workplace, will this cohort, set to make up 74% of the global workforce by 2030, be the catalyst for real...
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Recent CREviews have focused on economic rents and how refurbished stock may be an alternative to waiting 4-5 years for new stock. Funnily enough, the Wall Street Journal came out with an article about "Zombie" (outdated, obsolete, low grade, high vacancy) office buildings in our favourite US...
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