Leaving the pampered pooch at home with post-COVID-19 separation anxiety has become one of the stumbling blocks to getting people back to the office.
Office assets continue to be hit hard with buyers and sellers unable to reach any agreement in pricing,but that was partially offset by a rise in demand for hotel properties and the booming healthcare sector.
The overall improvement in national office attendance is rising as many large corporations set clearer return to office policies.
It’s a toxic mix:commercial property companies are over-leveraged,borrowing costs are surging,vacancy rates have risen as people work from home,and property values are falling.
Large businesses would need a report with audit-ready data to show what their emissions are,which will be transformational for commercial property.
Leading property executives are confident they have the right strategies in place to tackle what they collectively forecast will be another challenging year for office,retail and industrial properties.
Property giant Brookfield has defied the office market woes with the house full sign going up in its Sydney tower after signing up the operator of the global Calvin Klein and Tommy Hilfiger brands.
Its charismatic founder helped turn WeWork into a giant that was once valued at $US47 billion. This week,it filed for bankruptcy.
Sydney’s heritage sandstone buildings precinct in the heart of the city is undergoing the final stage of redevelopment.
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
It has been a lean year for Melbourne CBD office transactions,with potential buyers pitching lowball prices to vendors.