Our latest report shines light on key national trends, city-by-city market conditions, and sector observations.
Insight
Tenant Perspectives 2024
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Our 2024 Tenant Perspectives report unveils significant shifts in the Australian office market, reflecting both local and global trends. As organisations adapt to evolving work patterns, there's a notable gravitation towards premium office spaces. Over the past year, demand for prime stock increased by 272,700 sqm, while secondary spaces experienced a decline of 136,200 sqm, underscoring a clear preference for high-quality environments. Key topics covered in the report include:
- Work Model Evolution: The report examines the changing dynamics between traditional office-based work and hybrid arrangements.
- Technological Advancements: An exploration of how smart technologies are reshaping workplace design and functionality.
- Sustainability Initiatives: Insights into the growing importance of eco-friendly practices in office spaces.
- Regional Market Variations: Analysis of diverse trends affecting office demand and supply across different regions, influenced by economic factors and sector-specific needs.
Globally, the report highlights the emerging concept of 'destination workplaces', drawing inspiration from hospitality and retail sectors to create engaging office environments. As organisations navigate these changes, they must balance operational efficiency with employee satisfaction.
Download JLL's 2024 Tenant Perspectives report to explore these insights further and understand how to position your organisation for success in this evolving landscape.