The CoreNet State of the CRE market panels across the country always bring out a little more than the normal CRE narrative. Recently Brisbane was no exception. Thank you, Danni Toshak, of ACCORP and Tom Broderick of CBRE for your time and fantastic insights. Here are...
Read More
On Monday 17th November, the Sydney CBD was the quietest I have seen for ages. I thought it was just me. But the next day as I was having my haircut, I shared my observation with my barber, and he said his numbers were down X%...
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
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...
Read More
At the TCN Fall conference in Calgary Canada, Scott Hutcheson of Aspen Properties, Iain McCorkindale of M3 Development, and Maxim Olshevsky of Astra Group, led a great panel discussion, Office: Residential Conversions (ORCs). In 2015, there was a sharp decline in oil and gas prices which...
Read More
In the usual flurry of activity trying to get things done by the end of the year, it is always good to pause for a moment, and check where the market is at. Office occupancy rates have been increasing as more people have returned to the...
Read More
Data centres in various shapes and sizes have been around for decades. They used to be stand-alone buildings built for specific end users, in particular the banks. Then in the 90’s and 00’s the next gen arrived - IBM, Optus and ASX to name a...
Read More
At the first CoreNet CREtech panel discussion in 2017 we presented the Gartner Hype Cycle relative to CRE and technology. At that point, 6 years ago, the industry buzz word was “disruption”. The Gartner Hype Cycle is a graphic representation of the maturity lifecycle of new...
Read More
The office market accordion keeps playing, and Adelaide is a good example. The recent JLL graph below for the Adelaide office market highlights that competitive rents and incentives have enticed some tenants back to the CBD over the last few years. Demand has been positive...
Read More
This week we are off to Chicago for the annual TCN Worldwide Fall Principal’s Conference. It’s a real privilege to be part of such a dynamic and fun group of fellow Principals. We get to catch up on a personal and professional level and learn...
Read More