JLL Perspectives
Ep 3: Three things that have got real estate talking, with Andrew Ballantyne, head of research - Australia and NZ, JLL
May 29, 2023
Exploring Australia's unique office demand trends, the tax boost for build-to-rent, and the longevity of industrial real estate's success. JLL's Andrew Ballantyne shares insights on these topics based on data from the first quarter of 2023.
24:41
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Quick takeaways
- Australia's office market resilient with 43,000 square meters absorption, unique growth compared to other economies.
- Build to Rent (BTR) focus in Australia for younger professionals, regulatory changes enhancing investments.
Deep dives
Office Leasing Market Resilience
The podcast discusses the resilience of the office leasing market, highlighting 43,000 square meters of net absorption recorded across Australian CBD office markets. Despite demand being below pre-COVID levels, this positive trend signifies organizational growth and headcount increase, unique to Australia compared to other economies. The strong labor market and recruitment efforts focus on retaining knowledge workers for long-term growth.
