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.
Co-working and hybrid workspace operators are seeing signs of recovery as operators grow their footprint and occupiers target higher flexible space usage.
The trading of the CBD’s hotels goes on amid the boom in high-rise hotel developments,and the 96-room Hotel Sophia on the corner of King and Little Lonsdale streets is next.
One regional town had 1320 short-stay holiday rentals compared to more than 3500 rented homes. But it also has a scheme regulating the booming industry.
The Parramatta office market is starting to mirror Sydney’s CBD,thanks to tenants seeking an upgrade to premium-grade leases.