It is with great pleasure that we present the results from the Cushman & Wakefield Research 2017 Office Leasing Trends and Outlook survey.
The survey comprised six sections covering: the economy, market fundamentals, demand, recent deal activity, building attributes and outlook. Respondents spanned both sides of the market, with Cushman & Wakefield surveying tenant representatives and landlords active in Australia’s eastern seaboard office markets of Sydney, Melbourne and Brisbane.
- Respondents unanimously agreed that the Sydney office market currently favoured landlords, while Brisbane was still tenant friendly. Results were mixed in Melbourne with tenant representatives more convinced than landlords that it is indeed a landlord-oriented market.
- Both tenant representatives and landlords recognised that affordability was the primary consideration for tenants and that proximity to public transport was the second most important factor.
- Survey participants identified that responsiveness was the most important factor they sought from their counterpart in the negotiation process.
- To help attract tenants, landlords could benefit from looking at their assets objectively and promote the building on its operational efficiencies.
Download the full report via the link above.