Same week, two different cities and two different markets. Two days after Melbourne’s event was the CoreNet Global State of the CRE Markets event. Thank you to Carissa Gallacher of CBRE and Dominic Brown of C&W for being part of the panel. For the basics stats, according to the Property...
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Last Tuesday Melbourne turned up the heat. Nothing like inspecting office buildings when it is 37 degrees. But by early evening, things had started to cool down just in time for the CoreNet Global State of the CRE markets event at The Executive Centre at Collins Place....
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The unofficial start to the commercial real estate industry’s year is the release of the Property Council of Australia’s (PCA) Office Market Report (OMR) on the first Thursday of February. It remains the respected industry standard and sets the tone for the year. This year’s Sydney...
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Rather than offering a set of predictions before the onslaught of new figures, theories and hopes, we thought it timely to begin 2026 with a recap on where the national office markets currently sit. Across the six main Australian capital city CBD office markets, vacancy remains...
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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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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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