Rethinking The Australian Office

Optimising your asset for a new era

In the midst of the biggest structural change in labour markets this century, office owners must make strategic decisions as to how best position their assets.

While data shows tenant demand is skewed towards higher-quality properties, landlords have limited options. Although they can’t physically relocate their buildings to a more central location or build more transport connectivity around them, landlords can invest in upgrading the quality of their assets. But following a sharp climb in construction costs and tight financing conditions, is the return on this investment worth it?

Our Rethinking the Australian Office Report provides an in-depth analysis of the Australian office market to help landlords interpret the value of strategically repositioning their buildings. The report serves as more than a guide to meet regulatory requirements, but a blueprint for enhancing the financial and environmental performance of office assets.

• Upgrading the quality of your building can lead to a 5% reduction in vacancy and 7% increase in effective rents, boosting your assets income by at least 12%.
• Even minor improvements in building quality can result in a 2% drop in vacancy rate and a 3% hike in effective rents.
• Investments in building quality are highly beneficial for lower, harder to lease floors.