Pullinen Property Group

This week, our Principal, Tom Pullinen, is heading to Calgary for the TCN Worldwide Conference, with a stopover in Seattle. He reflects on his first trip to Seattle a decade ago and the remarkable growth downtown and data centres have experienced since then. #CREview #realestate #data #centre #seattle #hyperscale #growth #construction #market #commercialrealestate #office #market #conference

Inspections in North Sydney show how its office market is similar to Melbourne; rising vacancy and shifting demand due to flexible work. With vacancy rates over 20% and more supply coming in 2025, there are a few things to watch between now and 2026. #CREview #vacancy #north #sydney #office #market #realestate #supply #demand #future #flex #remote #commercialrealestate #australia #shift

Will a mandate to return to the office increase office demand, or will it clarify the way office space is used and the amount that is leased? #CREview #office #market #remote #demand #mandate #commercialrealestate #realestate #sydney #government #lease #return

The new Property Council of Australia figures provide a clear understanding of the challenges Melbourne is currently facing. The city is quiet but is expected to improve over time. However, office markets remain very quiet and may take a bit longer to recover. #CREview #melbourne #market #office #realestate #commercialrealestate #recovery #vacancy #absorption #australia #report

For years, Canberra has been one of the most stable and predictable office markets, but things are changing. The most recent Property Council of Australia Office Market Report figures show a shift in trajectory. What will the next 12-18 months bring for the nation’s Capital? #CREview #office #market #canberra #australia #pca #report #data #vacancy #absorption #capital #change #future #stock #netsupply

Carbon emissions are the focus of most sustainability strategies and as we dive deeper into our ESG initiative, CRE cycle, we have come across innovative projects to achieve net-zero. Globally, companies are embracing new technologies to hit these ambitious targets, unveiling new ideas that could change the future of how we operate. #CREview #CREcycle #esg #sustainability #netzero #emissions #strategy #initiative #tech #movie #future #fiction #reality #realestate #carbon

The Property Council of Australia released its bi-annual Office Market Report, covering market activity from the first half of 2024. Since the 1990’s, it has always been a great indicator of trends. It will be interesting to see how the rest of the year pans out. See below for the PCA statistics and what they could mean. #CREview #PCA #office #market #report #commercialrealestate #sydney #australia #statistics #vacancy #trends #activity #absorption #stock #supply

NABERS focuses on 4 main categories: Energy, Water, Indoor Environment Quality, and Waste. With most landlords and tenants focusing on energy as a way to measure one building against another, we decided to turn our focus elsewhere - Waste. Last week we attended the AWRE - Australasian Waste & Recycling Expo to learn more and see how we could get involved in this challenging and evolving sector. #CREview #CREcycle #reuse #repurpose #recycle #esg #nabers #sustainability #energy #office #market #realestate #commercialrealestate #waste #water #energy #ieq #awre #expo #landlord #tenant

As part of a commitment to educate ourselves on sustainability, we headed to the AWRE - Australasian Waste & Recycling Expo this week at the ICC in Sydney. It gave us the chance to meet with those at the forefront of the waste, recycling, and resource recovery sectors across Australasia. Seeing such innovation was truly exciting and we learnt about some real challenges the waste and recycling industry are facing. We hope to be able to attend more events like this in the future and to continue connecting with industry experts in this sector. #CREcycle #AWRE #recycling #waste #innovation #industry #australasia #expo #NABERS #environment #sustainability #esg #cre #seminar #CREview

Last week's CREview challenged the notion of the CRE industry being slow to adopt new technologies, suggesting from our research that it's not a matter of slowness but rather a search for the right solutions; Raj Singh's report on AI's impact on real estate capital markets offers a compelling perspective. Find it in this weeks CREview below. #CREview #technology #data #insights #cre #realestate #technology #impact #commercialrealestate #australia #growth #new #office #markets