The number of Australians working from the office has bounced back to pre-Omicron levels says PCA survey
Melbourne and Canberra recording their highest office occupancy levels since June 2021 says the latest Office Occupancy survey by the Property Council of Australia. Property Council Chief Executive Ken Morrison said the results were a pleasing starting point to kick off the year.
Impact of WFH on office tenant demand expected to ‘wash through’ by 2026
New modelling from Cushman & Wakefield suggests that widespread working from home could result in a net decline of 5% to 15% in Australian office tenant demand over the next three to five years.
CBRE forecasts $68 billion could be channelled into the commercial real estate sector by Australian superannuation funds
2022 shaping up to be another strong year for the property sector despite pandemic bumps. Immigration, capital flows, residential prices, and commercial rent growth to be key market drivers.
Mammoth year for office middle markets as $4.78 billion sold nationally
There were 137 assets sold across Australia in 2021, as the market bounced back despite continued lockdowns. Colliers Head of Investment Services Australia Matthew Meynell said “We are particularly seeing assets within the $20 million-$40 million range being the most competitive and sought after...
WA on world stage as investors seek secure strong destination for capital says Colliers
Agents behind some of the biggest deals of 2021 see no signs of slowing demand in Perth as a go-to destination for commercial investment among the region’s biggest players. John Marasco, Managing Director of Capital Markets & Investment Services Colliers, said in a time of global economic...
Third Quarter dealmaking jumps as investors turn to office, retail properties; Year-to-date deal activity sweeps past 2020 total
Deal volume for the first three quarters of 2021 reaches $43 billion, already eclipsing full year 2020 level. Benjamin Martin-Henry, RCA’s Head of Analytics, Pacific, said: “After a slow start to the year, the office sector is now flourishing.”
London, New York provide post-pandemic roadmap for Australian cities - Savills Report
New data shows commercial vacancy rates of key northern hemisphere cities are inversely impacted by vaccination rates: as vaccination goes up, mobility increases, investment increases and commercial vacancy declines.
Perth offices are being snapped up as confidence returns to the market - Ray White Commercial (WA)
Western Australia’s stringent border control and minimal lockdowns have been instrumental in bringing the workforce back to Perth’s CBD and West Perth, boosting the city’s office markets.
Tenants space use demands have changed, and landlords are listening says JLL Perth
Scales still tipped in favour of tenants - Perth’s office vacancy remains at over 19%, despite a strong WA economy and an uptick in leasing activity says Andrew Campbell JLL Head of Tenant Representation (WA).
WA continues to be the driving force behind positive national economic story – Ray White Commercial (WA)
New research shows an increase in interest in WA commercial property from interstate buyers, local investors and off-shore groups looking to capitalise on the state’s positive momentum.
