We recently highlighted Propella.ai’s isochrone – the 7-minute walk. This catchment area represents the likely maximum distance that workers will commonly walk from their office for most of their daily needs such as lunch, convenience items and personal services. Naturally, the shape, size, and topography...
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Recently we caught up with Callan Cameron, Director, and Founder at Propella.ai. We love their human centric approach to data, such as determining that the typical retail catchment area for a CBD building is roughly a 7-minute walk in any direction. It’s called an “isochrone’,...
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“Spec”, “as new”, “retrofitted”, “existing”, “partial”, “ready-to-occupy”, “move-in ready”, …. fitout. Anyone involved in the CRE office market at the moment is bombarding or bombarded with spec fitouts (brand new) or existing fitouts (not brand new). All are “fitted” suites. There are many really good quality...
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Way before covid, the move away from 1 desk per person was taking place. Like with many things, technology played a big part in this as the landline on the desk and the CPU under it changed. We no longer had to be tethered to...
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What is the difference between office space occupancy and office space utilisation? In essence one is used by the supply side of the office equation (Lessors), and the other is used by the demand side of the equation (Lessees). We look at “occupancy”. Here is an...
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Following on from last week’s Creview (Remote work or office absence), we rummaged through our “read-later pile” and found a Stanford Institute for Economic Policy Research team’s (Jose Maria Barrero, Nicholas Bloom and Stephen Davis) report titled "The Evolution of Working from Home”. There are 3...
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Last week we spent 3 days in the middle of Queensland with Capricorn Space searching for property. We covered about 1000 kms in 2 days and worked as we travelled. We even had connectivity almost 200 kms from the nearest main regional centre. This got us...
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Hybrid would have to be the most used word in the CRE industry today. Surely, remote is second as it forms part of most peoples’ interpretation of hybrid. Our view, hybrid is the mixture of in-the-office days and out-of-the-office days. Some like hybrid and others don’t....
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Businesses (offices) have always had to be able to deal with change; be it cultural, legal, or economic. As a result, they have always carried some degree of redundancy. Most of the time it has been focused on economic uncertainty and events. These have always affected...
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The hybrid, remote, agile, static, distributed, activity-based etc work models are changing work and work patterns. By how much? The jury is still out. As leases expire over the next 3-5 years the data will get richer and more revealing. However, the flexible workplace revolution is...
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