Forget remote work, office property has a more basic worry
Despite a 20-year high in office vacancy rates and falling rents, the supply of new floor space is still rising as demand is getting weaker. Morgan Stanley says rents may be stuck for years.
Could Australia’s ugly rental market provide a little hope to our struggling office property giants?
HSBC’s local chief economist, Paul Bloxham, says rising house and rent prices will likely force behavioural changes across the economy.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
