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Centuria Industrial REIT lifted rents 19 per cent on new leases over the second half of 2022 as demand for warehouse space in major cities outstripped supply.
The auction clearance rate held firm above 60 per cent for the fifth consecutive week as fully renovated homes proved most popular given construction delays.
Companies are being creative to bring home-loving staff back to the office. However, pot plants and whiteboards on wheels may not be enough to restore pre-pandemic occupancy.
The country’s largest diversified developer has looked to past cycles as it prepares for a year in which some buyers will struggle to settle.
The lifeblood of real estate investment and development – commercial real estate finance – is rapidly changing and will create new challenges and opportunities.