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 “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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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 Funnily enough, the Wall Street Journal came out with an article about "Zombie" (outdated, obsolete, low grade, high vacancy) office buildings in our favourite US...
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Last week we were in Melbourne and attended the CoreNet State of the Regions event. Thank you to KPMG and Leonie Hicks, CoreNet’s Program Chair, for hosting a great event with guest speakers, Terry Rownsley and Matt Fletcher of KPMG. Terry and Matt highlighted how well regional...
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Before the Easter break, we mentioned the future supply shortage of office buildings being reported everywhere. As a result, we touched upon economic rents in the capital cities. Economic rent is the rent that Lessors wish to achieve for future product; new or refurbished. Fundamentally it’s...
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With a series of school breaks and public holidays starting next week, we look back at the first quarter and the office markets. The release of office market figures in January and February set the tone for the start of the year. Overall national office market...
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The final stop of the Corenet Global State of the CRE markets journey this year was Adelaide. Panel members were Zandra Savvas, Director of Tenant Representation at CBRE, and Rick Warner, Director of Research at JLL. As always great panel, great audience, and great insights. Adelaide...
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It would have been great to be in Perth last week for the Corenet Global State of the CRE Markets panel, but this time it had to be virtual. Luckily, it did not change the content, and the insights by Alyson Martinovich, State Head of Tenant...
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The tour continues and last week’s CoreNet Global State of the CRE markets panel was in Canberra. Our panel members were Erin Tippett, Asset Manager at ISPT, Sean Ellison, Director Research at Cushman & Wakefield, and Troy Markos, Territory Director Office Leasing at CBRE. The...
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Melbourne is one of my favourite cities in the world and reminds me so much of Chicago, a place close to my heart. Melbourne is a relatively flat, large area with almost no bounds. There is a river running through its heart and it has...
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