Office market in Perth, Brisbane to slump, bank says

Office rents in Brisbane could fall 6.4 per cent by next year as vacancies rise. Photo: SCMP

Vacancies in Perth's central business district will surge to 17.5 per cent in the next three years from 6.5 per cent now, and in Brisbane will soar by about 10 percentage points to 23 per cent, analysts led by Lou Pirenc wrote in a note this week.

Wednesday, 29 May, 2013, 3:21am

Shanghai offices nudge Hong Kong prices

Shanghai's office market is drawing plenty of attention from institutional investors at home and abroad. Photo: Bloomberg

An increasing number of foreign real estate funds and state-owned enterprises - the heavy-hitters in the investment property sales market - are channelling their capital into investment properties in Shanghai.

20 May 2013 - 4:18am

Foreign companies lured by growth in Asean office market

Rental growth in Shanghai slowed in the first quarter.

International occupiers have shifted their focus from the mainland to the Asean office markets, lured by better economic growth and lower costs, according to property consultant DTZ.

15 May 2013 - 3:06am

Prime office prices in Japan start rising after 20-year decline

A view over Kawasaki, in Kanagawa Prefecture, where office space is gaining value. Photo: Bloomberg

Nippon Building Fund, Japan's biggest real estate investment trust, said property prices for prime office buildings have started to rise, signalling a turnaround in a two-decade decline.

1 May 2013 - 3:44am

Office vacancies in Melbourne to surge amid glut, says Morgan Stanley

Melbourne's office vacancy rate will jump to about 11 per cent this year as supply outpaces demand, Morgan Stanley says.

About 3.5 million sq ft of space is expected to come on the market between now and 2015 in Australia's second-biggest city, analysts led by Lou Pirenc wrote in a report.

10 Apr 2013 - 5:47am

Why face time in the office is irreplaceable

Yahoo announced a company-wide ban on 'remote' working. Photo: AP

A recent worldwide memo sent to all staff at Yahoo announced a company-wide ban on "remote" working. "To become the absolute best place to work," it read, "communication and collaboration will be important, so we need to be working side-by-side."

20 Mar 2013 - 3:11am

Demand for office space in Hong Kong outstripping supply

Surging rents are forcing firms out of the city's most expensive towers as competition for prime space heats up. Photo: Bloomberg

Hong Kong is likely to face a shortage of around 4 million to more than 8 million square feet of office space by 2020, a global property consultancy has warned.

13 Mar 2013 - 5:07am

Qianhai a potential investment alternative to Hong Kong

An 18 sq km area is being developed in Qianhai, which is being touted as a viable option to Hong Kong. Photo: Edward Wong

Despite signs of increased activity in the office market leading up to the Lunar New Year break, occupier demand in Hong Kong remains rather subdued. However, despite the lack of movement, vacancy rates continue to trend downwards and are below 3 per cent for the market as a whole. Given that office markets worldwide generally require a level of vacancy of 6-8 per cent, the situation obviously remains extremely tight for occupiers.

13 Mar 2013 - 5:07am

Tokyo office market fights back after 20-year slump

Tokyo's office market is showing signs of recovery after a two-decade decline. Photo: Reuters

Tokyo's office market is showing signs of recovery after a two-decade decline, prompting companies such as Apple and Morgan Stanley to relocate before rents rise and vacancies fall.

13 Mar 2013 - 5:06am

Demand sees Hysan boost Causeway Bay office space

Hysan plans to redevelop Sunning Court in Causeway Bay into a mixed-use office and retail complex together with Sunning Plaza to cope with future demand. Photo: Edward Wong

Planning is under way for the combined redevelopment of Sunning Plaza and Sunning Court in Causeway Bay into a mixed-use office and retail complex, Hysan Development said yesterday.

7 Mar 2013 - 6:12am

Microsoft and HKBN launch 'cloud computing' service for Office software

William Yeung of HKBN and Horace Chow of Microsoft celebrate the joint launch of the Office 'cloud' service in the city. Photo: Edward Wong

Microsoft has teamed up with Hong Kong Broadband Network (HKBN) to bring the "cloud computing" version of its Office productivity software to millions of households across the city.

The two companies yesterday jointly introduced Office 365 Home Premium software as a service, which allows consumers to subscribe for as low as HK$2 a day, less than the cost of a tram ride.

22 Feb 2013 - 5:02am

Toronto to meet office demand In 2014

The Toronto Dominion Centre. An office-building boom in Toronto's downtown may push the city's vacancy rate higher. Photo: Bloomberg

More than 1.59 million square feet of so-called triple-A space will be added in Toronto next year, according to data from Cushman & Wakefield, the world's largest closely held real estate brokerage firm. 

6 Feb 2013 - 4:59am

Sitting for too long is the new smoking

Sitting for too long is the new smoking

Maybe it's the approaching middle age; my waistline has been expanding at an alarming rate. I used to blame myself. Now I have identified the real culprit: the chair in my office. Come to think of it, I am sitting in it now as I type these words. I am locked in its deadly embrace eight to nine hours a day. Maybe it's time to fight back and start typing standing up. NOW!

25 Jan 2013 - 2:47am 3 comments

Analysts predict upbeat year for office space

Central may yield 0.9 million square feet of new office space this year, agents say. Photo: Bloomberg

Limited policy risks and a shortage of supply will ensure sustained investment activity in Hong Kong commercial property, agents say.

23 Jan 2013 - 4:47am

UN world food body targets Hong Kong office

The United Nations World Food Programme (WFP) is considering setting up an office in Hong Kong, said its China representative, Brett Rierson.

WFP's role is to promote food security and combat hunger around the world.

"The Chinese government wants to raise private donations for food security programmes. Hong Kong is a good place to raise funds," Rierson said.

22 Jan 2013 - 4:12am