JLL Perspectives

The clouds of economic uncertainty brought on by COVID-19 are shifting to reveal better prospects for office leasing in Australia as business confidence improves and appetite for offices rebuilds.Though the overall net take-up of office space remained negative at 116,000 square metres in the three months to December 2020, it had contracted less than the previous three quarters of the year - a sign that business sentiment is improving, particularly with the vaccine due in March.Listen to Andrew Ballantyne, JLL's head of research – Australia, and Tim O’Connor, head of leasing, as they share their insights on office leasing, including sublease space, changing office footprints, and the future of city centres in this episode of the Perspectives podcast, hosted by Rebecca Kent.

Office owners are leaning on flexible space to get home workers back into their city buildings, but on this side of the COVID-19 pandemic, flexible space looks different. Having reflected on the role of the office as flexible working arrangements advance, landlords are taking a more open-minded approach to what will attract tenants and importantly, what will keep them there. Tim O’Connor, Simon Trude and Tashi Dorjee discuss how landlords are starting to own the conversation around flexible space, and how to deliver it in their buildings in a commercially viable way. 

Membership models could be the next evolution of office leasing, in a break from traditional contracts, providing cost-savings and cash-flow benefits to tenants and landlords.In this bonus episode Gavin Morgan, JLL’s chief operating officer for Greater China and managing director for Hong Kong tells CNBC’s Christine Tan more about this evolution of office space. After you've listened to the podcast, check out the JLL report Tenancy Reimagined.Host: Rebecca Kent, content manager, JLL.

While the global pandemic was dominating headlines, airports, transit lines and roads were getting a super-fast fix-up as people abandoned cities, and a pension fund was taken to task on its climate responsibilities.In this first cross over podcast between JLL's Perspectives podcast and the Building Places podcast, co-hosts Rebecca Kent and James Cook explore with experts the effects these developments will have on people and businesses. Guests include:Lisa Hinde, strategic sustainability director – APAC, JLL.Scott Armstrong, head of property, Local Government SuperPhil Ryan, senior research manager, JLL

Rising property yields, low interest rates, stacks of unallocated capital and a re-ordering of the office-retail-industrial hierarchy, have got investors thinking carefully about their next move. Are short-term risks worth long-term gains? And where does Australia stack up globally?In this episode, hear from:Andrew Ballantyne, JLL’s head of research in AustraliaLeonie Wilkinson, senior vice president at Brookfield Asset Management, Dave Roberts, head of global real estate strategy at Macquarie Group,Fergal Harris, JLL’s head of capital markets in Australia Host: Rebecca Kent, JLL's content manager in Australia

How has Asia come to have a 17-year head start on the rest of the world in dealing with indoor air quality? How could wearable technology expose companies that don’t track their wellness and sustainability? And is the real estate industry finally ready for a conversation about how buildings can improve peoples’ health?This episode feature sustainability experts Raefer Wallis, founder and CEO of GIGA, and developer of the RESET standard; Andrew Cole, general manager of sustainability at Lendlease Funds Management Australia; and Matthew Clifford, JLL’s head of energy and sustainability services across Asia Pacific.Host: Rebecca Kent, content manager - Australia, JLL

Commercial real estate investors facing untold months of economic uncertainty are hoping to find stability outside central business districts. Alongside droves of people looking to decamp from urban centres, investors are looking further afield after widespread lockdowns and work-from-home mandates.Amid an unknown future for CBD offices, investors in suburban centres are encouraged by modern buildings and quality tenants.What does the future look like for this segment of the office market?This episode features guests Grant Nichols, fund manager, Centuria Office REIT; Luke Billiau, head of capital markets - NSW, JLL; Andrew Ballantyne, head of research - Australia, JLL.Host: Rebecca Kent

Australia's regional hotels are performing better than ever as COVID-19 state border closures and international travel restrictions force holidaymakers to travel closer to home.Rarely do regional hotels outperform their CBD counterparts, but they are now, with an A$18 premium on average room rates.And in the words of Australian hotel mogul Jerry Schwartz, "that's really the only good news that we have in the hotel industry: that regional hotels and regional Australia are doing so well."So, how are investors, owners and operators capitalising on this regional hotels phenomenon? Plus, could office buildings abandoned by business choosing to work from home, have new life as hotels?Hear from:Geoff York, acting chief executive and group director at hospitality company Crystalbrook Collection; Julian Clark, chief executive of boutique hotel operator Lancemore Group; Brett Forer, development general manager of Accor’s Pacific hotels; Matthew Burke, Pacific Regional Manager of industry analyst STR; and Jerry Schwartz; director, Schwartz Family Company.Host: Rebecca Kent, content manager, JLL

Data and accurate analysis of that data will be one of the single defining attributes of businesses to emerge from the health and economic crisis in control and positioned to prosper.For the workplace, and office buildings, technologies such as sensors, have been introduced and adapted to provide the right data, specifically to help businesses adjust from density to distancing metrics.But creating work spaces to attract the most talented people, buildings to entice the most desirable companies, or investing capital to come out on top, requires leaders to think more broadly.Hear from Michael Taggart, Asia Pacific head of go to market, JLL Technologies; and Sean Pereira, Asia Pacific head of business intelligence and analytics, JLL Technologies. Host: Rebecca Kent, content manager, JLL

Reflecting on their homeworking experiences during Coronavirus lockdowns, office workers are focusing on three key requirements for the future of work: the flexibility to choose their workplace setting; a place to interact with their colleagues face-to-face; and as little commuting as possible.Where does this leave business and real estate leaders trying to grasp what all of this means for their real estate strategy?Hear from Michael Green, head of tenant representation - Australia, JLL and Claudette Leeming, head of property strategy and performance, Australia Post, on how to reimagine the post-pandemic workplace.Host: Rebecca Kent, content manager - Australia, JLL.