Rising Sydney office incentives aim to lure tenants
Employees are working from home while businesses are cost-cutting and analysing their office space utilisation – and there are more questions than answers as to what the office of the future will look like. Chris Fisher investigates the current state of play in Sydney’s office market.
Sydney and Melbourne well-positioned to manage office vacancy downturn
Although key market metrics have not moved dramatically (net absorption, vacancy and effective rents) across Australia’s major east coast office markets, Mark Curtain, CBRE’s Head of Office Leasing, discusses how more significant statistical change is expected to flow through in early 2021 as the full economic impacts of the crisis are realised.
Strong SME sector helps buoy Gold Coast office market
Adelaide office market emerges unscathed with marginal vacancy increase
Adelaide has enjoyed a level of resilience over recent months, when compared to other states and territories, as we deal with COVID-19. While demand has remained subdued, the city’s office market hasn’t seen the emergence of any real sublease market – like many Eastern Seaboard locations.