Sydney may have the views of the Harbour,but Melburnians opt for bigger office space.
Sheryl Houston is a cleaner who has lived in her “nice old place”,faithfully paying rent,for nine years. But she fears she’ll be on the street come Christmas.
More than $3 billion worth of private projects are getting the stamp of approval across metropolitan Sydney and Melbourne.
An Oxford Street landmark in Sydney’s east,the former Palace Verona cinema,is set to be transformed into a $100 million upmarket office complex with retail and rooftop dining.
Company managers who remain optimistic about staff returning to work are being dealt a worrying blow as office vacancy rates stay stubbornly high.
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.
The overall improvement in national office attendance is rising as many large corporations set clearer return to office policies.
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.
The forecast of a hot summer thanks to the onset of the El Nino weather event is being seen as the trigger needed for managers to lure staff back to air-conditioned offices.
Capital gain
Activity around the Monash University Technology Precinct is hotting up with deals brewing and a raft of fresh leases and buildings underway.