JLL Perspectives

Why Australia is bucking the trend on office demand; The tax boost that build-to-rent needed; And how much longer will industrial real estate remain the industry's golden child. JLL's head of research for Australasia, Andrew Ballantyne explores these ideas, supported by JLL data collated from the first three months of 2023. He is interviewed by Rebecca Kent, director of content in Australia, for J...

Measures to mitigate real estate’s impact on the environment are gathering pace, but some managers are struggling to keep up, with confusion around sustainability targets and how to achieve them. JLL’s Connor McCauley, head of sustainability for Australia and New Zealand, and Anthony Clark, senior director in tenant representation, share the five most frequently asked questions they encountered fr...

Universities have been redesigning their campuses and classrooms to suit how people want to teach and learn in the 2020s. Spaces now accommodate remote and on-site students at the same time, and there’s a greater leaning towards collaborative learning. Why the changes? What makes an optimal university campus experience in the post-COVID era? And after lockdowns and travel restrictions caused pain...

JLL has identified five key themes that will drive real estate investment decisions in 2022. They are where opportunity beckons and where global investors are focusing their strategies as more capital is ploughed into real estate on the back of a record-breaking 2021. Guests: Andrew Ballantyne, head of research - Australia, JLL, and Fergal Harris, head of capital markets - Australia, JLL. Host: Re...

One of the most interesting storylines to have prevailed from the pandemic has been around the phenomenal increase in online shopping and demand for certain products and materials. But two years in, and you might assume the challenges have been overcome, right? Not quite. In the 2021 peak shopping season retailers and other businesses are still apologising to their customers for being out of stock...

3D technology and its ability to turn numbers on a spreadsheet into objects that leap from a screen is finding more sophisticated applications in real estate. Digital tools such as building information modelling (BIM), geographic information system mapping (GIS), and lidar scanning, along with platforms such as Matterport, are allowing users to interact with a virtual representation of a building,...

Over the next decade, the Olympic Games are going to be run a lot leaner. That includes Brisbane, Australia, which is set to host the event in 2032 at a modest projected budget of A$4.5 billion (US$3.4 bn). This undercuts the approximately US$10 bn average spent since the 1996 games in Atlanta. Brisbane's selection as the 2032 Olympics host city, which will be announced just ahead of the Tokyo gam...

Investors in build-to-rent residential are looking to take advantage of a subdued apartment market and slower commercial development to secure high density development sites large development sites, driving momentum into a sector that has until now has struggled to gain traction. The post-COVID opportunity in Australia is comparable to the UK after the Global Financial Crisis put the reins on priv...

The youngest cohort of workers in the corporate sector is helping businesses drive better social outcomes, especially within Australian Indigenous communities. Corporate spending with Indigenous suppliers is over $900 million compared to $6.3 million 11 years ago. While the catalyst for this growth has been government-imposed spending targets, businesses say they are increasingly finding young ‘ch...

Commercial buildings that help reduce carbon emissions or promote healthy employees have increasingly earned certifications for their contributions in recent years. Now a new certification is aiming to benchmark another indicator of building quality: its smartness. U.S.-based WiredScore recently launched SmartScore, which aims to bring consensus around the term “smart” in smart buildings, a phrase...

While a slow return to the office is underway, collaborating virtually remains the norm, with teams often still split between home and the workplace. It’s highlighted a surprising issue: When it comes to collaborating over software, offices can be seen lagging behind. Hear more from John Corbett, workplace and real estate strategist at Cisco Systems Inc., and Sonya Alexander, workplace strategist...

A year ago, warehouses were being snapped up by businesses racing to keep up with the massive surge in online retail triggered by COVID lockdowns. The expectation was that as the pandemic eased, so would the demand for industrial real estate. But that never happened. JLL's Matt Lee, head of industrial occupier services in Australia, and Allan Frydman, head of supply chain in Australia and New Zeal...

Several factors are spurring businesses into taking action on their office space and existing leases, with the aim of getting the best out of their employees while also trimming unnecessary costs. Increased flexible working, the pressure to rein in costs, and elevated office vacancies, all converging amid the unpredictability of the global economy and future of work, are leading to a wave of reneg...

Large organisations are increasingly working with Indigenous suppliers in Australia to woo customers making decisions on social values rather than just the bottom line. Governments and major companies including ANZ Bank, Medibank and Australia Post are among groups using their buying power to deliver social change. This is a stark shift from a decade ago, when many firms would have dismissed Indig...

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 sig...

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 Tr...

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...

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 develo...

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 Australia Leonie Wilkinson, senior vice pre...

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 G...

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 moder...

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 w...

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 creati...

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...

Government funds and legislation are being introduced to help owners replace dangerous cladding from their buildings and recover the costs. But which approach works best? Experts, lawyer David Bannerman, JLL project director Duane Loader and residential operations manager Leif Golder provide the lowdown on how varying measures are helping stricken building owners, following shocking building fires...