The Property Council of Australia released the office vacancy figures last week. National CBD vacancy increased from 12.6% to 12.8% and non-CBD markets saw vacancy increase from 15.2% to 17.3%. Overall, the markets are soft and it looks like this will continue for some time....
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It’s been an interesting start to the 2023/2024 CRE financial year. A few focal points have come to the surface, and we believe they will be crucial components in shaping the year to come. Work McKinsey released its report on the lasting impacts of the pandemic on commercial...
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The new component is the “structural demand” which started years ago with the higher adoption of technology to increase productivity. This is the ongoing “connection/disconnection”. Covid not only sped up this adoption, but it and the connection/disconnection have created the next ways of working. The next...
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