News & Views

25
Feb
HSBC To Slash Office Space By 43% As COVID Ushers In Hybrid Work (UK)
There is absolutely no way to avoid a great deal of pain coming to the commercial real estate market as companies dump or are planning to eliminate office space as the pandemic has changed the office’s role.  HSBC Holdings Plc is the latest company that will reduce its “real estate 0 Comments
25
Feb
Tech jobs are booming. Remote working is now a top demand for job hunters (from the UK)
More than 100,000 new tech jobs have been created in the UK since the start of the pandemic, but growing momentum behind remote working could mean a ‘dramatic’ scaling back of office space and tech hubs. Article from Tech Republic here 0 Comments
25
Feb
Real crisis hasn’t even begun yet (from Korea)
Problems caused by a brief downturn in the economy can be fixed when the economy bounces back. But it’s tougher to fix problems that result from structural changes.The average vacancy rate at office buildings in Tokyo’s five central wards rose to 4.82% last month. That rate was at 1.53% one 0 Comments
25
Feb
Remote Workers Wanted: Small Cities Offer Cash to Those Who Relocate
As the pandemic changes how — and where — professionals work, some smaller cities and regions are offering hefty relocation incentives to attract remote workers to help jumpstart their local economies. WSJ met one family who accepted an offer to make a new home in the Ozarks. Photo: Craig Kauffman 0 Comments
23
Feb
Boom time in the burbs as firms fall out of love with city centre
One of the first comprehensive surveys of how COVID-19 is likely to change workplaces in south-east Queensland found that 88 per cent of CBD-based firms are considering changes in their workplaces, including relocating, shrinking the amount of floor space they occupy or reconfiguring offices. Nearly one in five commercial tenants 0 Comments
22
Feb
Listen to ABC Radio’s Steve Austin interview
ABC Radio’s Steve Austin interviews the Suburban Alliance on how prospects for outer suburban regions like SEQ’s Moreton Bay (and the Mill project in particular) have been reshaped as a result of Covid. Interview starts at around 18m50s. Later in the program, Steve interviews the inimitable Bernard Salt on how 0 Comments
22
Feb
The American City’s Long Road to Recovery
The promise of a new urban future lies before us, one that recalls the pattern of dispersed, self-governing, and vital cities that Tocqueville praised in the 1830s, and which existed in America till the middle of the last century.11 It will feature a progression of different urban types: elegant, walkable core cities, 0 Comments
17
Feb
Revitalising our cities – let’s really mean it
Just four years ago, growth areas received only 13% of federal infrastructure, while they generated 35% of population growth and 25% of jobs growth. Recent infrastructure investment by State and Federal governments has started to improve on the shocking growth areas infrastructure deficit (20% less than other metropolitan areas), but 0 Comments
11
Feb
Moreton council votes on jaw-dropping $40 billion development plan
An ambitious plan to more than double the Moreton economy to $40 billion over the next 20 years was formally endorsed by the Moreton Bay Regional Council this month, paving the way for an influx of new developments, investments and jobs to the area. MBRC Mayor Peter Flannery described the 0 Comments
09
Feb
Chris Bowen urges Labor to ‘listen to the suburbs’
Chris Bowen has urged Labor to “hear the anger and share the anger” of its traditional working- and middle-class constituency in suburbs across Australia, many of whom have voted for the Coalition and right-wing populists in recent decades, or face more years in the political wilderness. Story from The Australian 0 Comments