2022 set to be a year of milestones for Parramatta CBD says JLL
Parramatta continues to lead office market activity in NSW as the area continues to cement itself as a global city, with record levels of tenant activity in 2021. COMMO discusses this Economic powerhouse and employment epicentre with JLL’s Office Leasing Parramatta Senior Director, Stephen ...
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.
Social Infrastructure property investment proving hot topic
CBRE Australian Health and Social Infrastructure team are hosting regular investor seminars, outlining the sector’s long-term benefits and returns that come with ownership of underlying real estate. Its next event will be held in Melbourne on March 10, with the team’s experts accompanied by...
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.
Omicron, inflation, rates, election, weigh on investors in 2022 says Wizel
Commercial investors have shown a remarkable level of resilience and, in the view of Advise Transact, are likely to continue to accentuate the positive according to Advise Transact Asia Pacific managing director, Mark Wizel.
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...