Economic crisis casts a shadow over Australia’s CBD office markets - JLL
JLL national office statistics for the third quarter show negative net absorption of -193,700 square metres and a vacancy rate increase of 2 percentage points from 10.2 per cent to 12.2 per cent.
'There's real suffering here': Fears for Victorian commercial sector as inspections remain on hold
Allard Shelton Director and former REIV President Joseph Walton believes the Victorian Government has shown a lack of understanding when it comes to the pandemic's impact on the state's commercial real estate sector and its importance to the state’s economy.
Record Wollongong office supply highlights domestic and offshore demand - Knight Frank
Wollongong is attracting increasing interest from offshore and domestic investors as it continues its transition from its historic heavy industrial roots to become the "economic and cultural heart of the Illawarra", according to a new report from Knight Frank.
Fairness extended for Victorian commercial tenants, landlords
New regulations ensure that rent increases as well as evictions for commercial tenants where rent relief has been sought will continue to be banned until 31 December 2020.
NSW announces extension of support for commercial businesses
The NSW Government has announced the Retail and Other Commercial Leases (COVID-19) Regulation that was set to expire on 25 October 2020 will now be extended to 31 December 2020.
Essential service investment stands out in 'extraordinary' year - Burgess Rawson
The stability of commercial property investment, in particular essential service sectors, proved the winner during a turbulent year, according to Burgess Rawson's 2019/20 Investment Sales Report.
North Sydney media and tech trend 'could accelerate' as a result of COVID-19 - JLL
New research from JLL has shown North Sydney's status as a tech, media and telecom hub is set to be reinforced by a number of new tenants that have pre-committed to new developments in the precinct.
Australian suburbs 'set to bloom' from flex office offerings - CBRE Marketview
Core + flex workplace models will likely become the way of the future for many Australian office occupiers, providing the opportunity to retain a CBD presence while enabling a more agile “hub and spoke” office strategy and allowing greater flexibility for employees, according to new research...
Upscaling trend of mixed-use projects 'good for retail' - Savills
Mixed-use developments are becoming more and more prevalent in large cities, driven by demand for housing near city centres and the need to add value to existing shopping centres with larger scale and more sophisticated schemes, Savills Australia says.
Food and beverage operators seek ready-to-go spaces - Fitzroys
Food and beverage operators are showing a greater appetite for retail spaces that allow them to readily take advantage of the increased takeaway and home delivery demand that has been fast-tracked in recent months, according to Fitzroys 2020 Half-Year Hospitality Commentary.
