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People Are Leaving Australia’s CBDs

AUSTRALIA – While the country is blessed with white-sand beaches, majestic mountain ranges, and the Instagram-worth outback, many people had chosen to live near Australia’s central business districts (CBDs), like Sydney and Melbourne, to be...

CDL’s Singapore Office Occupancy At 92% In 2020

SINGAPORE – City Developments Limited (CDL), one of the major property developers here, revealed that occupancy of its 1.7 million sq ft core office portfolio in Singapore stood at 92.2 percent last year, according to...

Remote work is an aberration, says Goldman Sachs' CEO

USA – After operating last year with less than 10 percent of its staff working at its offices, the Chief Executive of Goldman Sachs Group, David Solomon, believes that instead of being the “new normal”,...

Another Former WeWork Coworking Space Taken Over By IWG

HONG KONG – IWG has leased a 50,000 sq ft office space at The Quayside in Kowloon East that was previously occupied by rival WeWork, reported PropertyEU on Wednesday afternoon (24 February, SGT). This marks the...

When Is The Best Time To Negotiate Office Rent Amidst the COVID-19 Pandemic?

USA – New research from Cushman & Wakefield (C&W) revealed that prior recessions – the Dot-com bubble in the late 1990s and the 2008 Global Financial Crisis – have shown that asking rents of office...

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