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Offices are Empty – December 2022 Vacancy Rate Update

#office #reits #heisesays
Office vacancy rates continue to grow. Transitionary or a change in culture?

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39 Comments

  1. Haha, I look back on the "olden days" with such disdain, and STILL dread my only 1 day a week 50min each way commute into the city on a Wednesday lol. Most of us in my team admit that Thursday's a recovery day! I cannot believe the colossal waste of time a commute is- and yet the QLD government STILL doesn't get it, with all their infrastructure projects only really happening within their precious 5km radius of the city! Thankfully my employer has now given up the lease of 1 of our floors, so it's a good sign that it's here to stay!

  2. Not just offices vacant, there are lots of street shops vacant. When I commuted by train, I took a book along. Did a lot of reading during those commutes. I preferred driving because I took home lots of new goods the company was throwing out and I sold quite a bit on the selling sites. Paid for the petrol.

  3. i think maybe alot of these office buildings are going to be turned into residential buildings to accommodate cheap rent for people, mostly migrants, and in the future the cbd is going to be more of a ghetto/ poor person area. rip to anybody who bought an apartment in the city in the last few years.

  4. Look at all the small shops that have closed dry cleaners small eateries
    Coved put thousands out off work
    Yes it won't ever return with th a t and d t opting int r ist rates to all time lows and printing millions off dollars it's a rolling disaster like a freight train going down hill backwards when will it stop

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