Thread - Nostr Hypermedia

StackSats.IO StackSatsIO@nostr.com.au 2 years ago

Punchy video from Peter St Onge on the looming commercial real estate crisis. Australian office vacancy rate is at 17.6%. Melbourne, Perth and Adelaide all not looking good.

AFR reports big markdowns in Sydney coming too. https://archive.is/AkHKs Work from Home policy hasn’t been paid for yet, but it will be. Aus will avoid violence as it’s ‘only’ our superfunds getting a haircut, Leftie US cities might go nuts though if their banks who hold that paper, fail.

Replies (2)

phil phil@nostrpurple.com 2 years ago

I think at the moment a lot of companies are still trying to get staff to return to offices but staff are resisting that (at least that is true where I work). Once they figure out that they need to be more flexible in order to retain staff, and realise they could actually save money by downsizing offices or not having an office at all, then those vacancy rates will increase further.

StackSats.IO StackSatsIO@nostr.com.au 2 years ago

We had to move offices recently because of both growth and junkies. A man died in our building entrance last year and 2 of the female staff refused to attend the office. Andrews is planning to put a second injection room in 5 doors down from that old office.. I’m supposed to come to beautiful Perth soon and was hoping for some respite from this hole!