Property Cycles Reshaping the Sydney CBD Landscape
The Sydney CBD remains in the midst of a harsh property cycle, which is reshaping the city as we know it. Difficult conditions for landlords and commercial investors mean lower valuations and decreased tenancy. However, Dexus chief executive Darren Steinberg believes this is simply part of a normal 24-month cycle. He also claims that there […]
This is Why WFH Is Here to Stay, and How to Leverage It
Working from home isn’t going away anytime soon. Since 2020, a huge portion of the Australian population has taken up working from home. At first, it was necessary, but now, many workers prefer to continue to work from home, rather than return to the office. In Sydney, this is the primary reason that so much […]
Office Moving for All Types of Sydney Businesses
Are you moving to a new office? Need expert help? At Niche, we’re seasoned experts when it comes to relocating businesses to their new offices in Sydney. Our team is experienced and highly trained in safe, efficient practices. We can disassemble and reassemble your workstations, desks, and chairs with ease… and we’ll ensure no damage […]
Empty Desks Present a Glowing Opportunity for Commercial Tenants in Sydney
A recent report conducted by workplace sensor provider XY Sense has suggested that one-third of all desks and workstations across Australian offices are sitting empty. Sydney-based businesses continue to downsize their office space, as more employees remain remote. And this is not expected to change any time soon. The findings of the report, which indicated […]
7 Mistakes to Avoid During a Sydney Office Relocation
An office relocation is a significant undertaking for any company. But, at the end of the journey comes the rewards; growth, innovation, opportunity, and ideally increased productivity. However, there are a number of significant challenges that companies face every time they relocate their business to a new office. These challenges include planning processes, keeping up […]
The Resurgence of Hot-desking in Sydney Offices
Hot-desking surged to popularity in the ’90s, first appearing in the Chicago offices of IBM. We say popularity, but many employees didn’t take to the new system right away. The hot-desking trend of the 90s lasted a few years, but employee attitude towards this style of work remained a constant barrier. Eventually, it died out […]
Keeping Money in Your Pocket with Savvy Lease Negotiations
Are you paying too much for your office space? The reality is that many companies are. Overpaying on your office lease can be the result of a number of factors. However, commonly, it’s because businesses tend to handle the negotiation process on their own, without seeking expert advice. This often results in a higher cost […]
Listening to Tenant Feedback is Key for Commercial Landlords in Sydney
The Sydney commercial property market is experiencing its highest vacancy rate since 1996. While tough times are looming for most landlords, some have managed to maintain high vacancy rates by listening to their tenant’s feedback and meeting their needs. These requirements are more important than ever before. Now, it truly is a tenant’s market. The […]
Commercial Property and the Looming Wall of Debt
The Sydney commercial property market continues to experience uncertainty. In the past, landlords and investors were happy to wait out poor economic conditions and rising interest rates. However, this time, the recovery may not occur. A huge chunk of office space remains vacant in the Sydney CBD, and more businesses will continue to vacate their […]
Sydney Offices Must Adapt to Changing Needs
Commercial property in our major cities continues to experience high vacancy rates. In Sydney, the figure is 14%, and in Melbourne, 16.2%, according to JLL. Businesses continue to vacate their space or downsize, as more employees opt to work from home… and a number of these organisations are large tenants. Many companies are attempting to […]