Office Properties

What’s an office worth?

For multinational companies, office space is an invaluable place to create a culture for employees to collaborate and boost productivity.

In 2023, we saw a dramatic shift back into the office for many employers across capital cities, however a flexible part time WFH option has been adopted in most workplaces.
The market for building owners and investors seeking long term leases has been stalled with recent increases to interest rates applying pressure across the economy.

What all major capital cities are witnessing is a new shift in demand for well-located offices, resulting in greater occupancy rates and lease demand compared with older buildings in secondary cities, creating a bifurcated market.

Lewis Valuations + Advisory provide commercial valuations, rent review reports and market assessments in the office property category.

Office commercial property valuation market rent review advice

Green Buildings

NABERS Energy measures the efficiency of an office building and rates both individual tenancies and whole office buildings.

Sustainable office building demand remains strong as demand for greener buildings among company shareholders, employees and the broader community grows.

Building owners are enjoying lower operational costs by reducing consumption and improving efficiency.

Flexible Workspaces

Historically, flexible workspace or co-sharing was a negative feature resulting in a high turnover of tenants as a majority of tenants were in the start-up phase.

With Covid-19 isolating the community, the need to engage and have social interaction became apparent with the boom of co working spaces or flex spaces.