Local Response | Adaptive Spaces
Australia Live Work Shop
December 7, 2022
Did you know that 1/3rd of Australians want to move residence. Outside of compensation, commute and flexibility are next most important factors for new hires. Majority of Australians prefer returning products in-store rather than by post.
How will people live, work and shop in the future? CBRE polled more than 20,000 people worldwide—from baby boomers to Gen Z—earlier this year to identify emerging trends set to reshape how occupiers, developers and investors approach the built environment. The attached report is the Australian edition (sample size 1005).
- Location plays a central role in where people want to live, work and shop: Among respondents planning to move in the next two years, most prefer centralized areas that are well-connected to cities. Location is also key for respondents considering work opportunities—most consider commuting as the top factor after salary—and when shopping, with most preferring to shop in person when possible.
- Quality of life is the top consideration: People are focused on their personal wellbeing, seeking high-quality residences, workspaces and stores that emphasize exceptional service, amenities and experiences.
- ESG and wellness wield more influence than ever: After price, health and safety are the most important criteria when deciding where to live. Respondents also want healthier workplaces with natural light and better air quality, and are more conscious of the environmental and social impact of their purchasing habits.