JLL Perspectives

A glut of new development and relentless interest rises over the past two years saw key real estate markets in Melbourne put ‘on the bench’ by some investors. A slow return to the office after Covid lockdowns didn't exactly help lift these markets either. As a result, the recovery many expected in 2024 didn't eventuate.

But it may have been the 'reset' that had to happen.

In this episode, Peter Harper, head of hotel investment sales –

Australasia, JLL, Annabel McFarlane, head of strategic research – Australia, JLL and James Jorgensen, head of logistics and industrial leasing, reflect on 2024 and predict how Melbourne's real estate market is set to navigate the year ahead.

The guests discuss why companies might relocate their distribution centres from Sydney to Melbourne, how a softening Aussie dollar could spell a boon for investment, and how new valuation standards and sustainability reporting frameworks will give property owners something else to think about this year.

Host: Rebecca Kent, JLL

With a design inspired by Melbourne's Hoddle Grid, JLL's Melbourne office is setting the benchmark for corporate workplaces. Workplace strategist Alana Hannaford and designer Jennifer Moore have a chat to Perspectives podcast host Rebecca Kent about how they calculated desk to worker ratios, engaged employees on everything from office chairs to beer selection, why the office library is a masterstroke, designing for neurodivergence, and how many free coffees it is taking to fuel the workforce.

When the ultimate aim for companies is attracting workers back to the office, what have become their guiding principles for securing a new workplace?

Experts unravel the ingredients that set the best offices apart from the rest - the

buildings that help shape cities and brands.

Located from Sydney to San Francisco to London and cities in between, guests handpick some of the world’s most coveted new workplaces, explaining why they’re quickly filling up with people.

Hear from:

Jessica Van Raay, senior director, tenant representation - South Australia and Victoria, JLL

Simon Crotty, senior director, leasing - central London, JLL

Tim Ogilvie, executive vice president, brokerage - San Francisco Bay Area, JLL

James Montague, head of office leasing - Queensland, JLL

Katie Rodrigues, managing director, consulting, JLL Work Dynamics

Sonya Alexander, head of workplace strategy consulting - APAC, JLL work Dynamics

Podcast host: Rebecca Kent, content director - Australia, JLL 

Loneliness is a crisis of climate change proportions.

That is the assessment of Simone Heng, a human connection specialist and author of the book ‘Let’s Talk About Loneliness’. She chats to Nathan Sri, a human experience expert with JLL’s Work Dynamics team, and Perspectives podcast host, Rebecca Kent about why workplace managers can’t afford for their workers to feel disconnected.

There’s US$154 billion dollars at stake if they do.

Music: Fresh Apple Lesfm/Pixabay

The race to drive down carbon emissions is on, which means renewable energy projects such as wind and solar farms are surging. But they can often be a source of contention among rural landholders, whose properties make the ideal location for renewables infrastructure. So what compensation is available to landowners, and how is it being negotiated?

JLL Perpsectives podcast host Rebecca Kent speaks to Will Gurry, head of agribusiness valuations - Australia, JLL; Larry Susskind, professor at the Massachusetts Institute of Technology (MIT) and vice chair of the negotiation program at Harvard Law School; and Jamahl Waddington, head of infrastructure advisory - Australia, JLL.

The growing performance gap between new buildings with a high sustainability and experience offering, and ageing offices, is both the biggest opportunity and the biggest problem facing real estate investors right now.

Some buildings located outside main cities are increasingly being overlooked by companies trying to attract workers into central offices and are worth more if sold empty.

Meanwhile, well-located offices with great amenities are massively outperforming.

In this episode, JLL's senior office leasing brokers from Europe, Australia, U.S., and Asia discuss the past year in office leasing, and what's ahead, with Perspectives podcast host Rebecca Kent.

Guests:

Jeff Eckert, president, United States agency leasing

Neil Prime, head of large-scale project leasing, UK

Marie-Laure de Sousa, head of office leasing, EMEA

Alex Barnes, managing director, Hong Kong and Macau operations

Tim O'Connor, head of office leasing, Australia

Retail real estate, student accommodation, and the hotels and hospitality sector took a hit during the COVID pandemic. But less than five years on, their comeback journeys are defying expectations.

Respected real estate analyst and commentator Andrew Ballantyne speaks to Perspectives podcast host Rebecca Kent about what has been driving the rebound of what were real estate's most challenged asset classes.

He also dives into the industry's most polarising sector: offices. Plus, find out why real estate investment volumes have come to be at their lowest level since 2012.

Host Rebecca Kent checks in with JLL's head of research for Australia and New Zealand, Andrew Ballantyne for a download of what JLL's half-year data tells us about the state of real estate.

Business's sustainability requirements are driving a huge desirability gap between new and upgraded buildings and those that have had less attention. Meanwhile, most investors are sitting tight as they make new discoveries about the price of their real estate assets.

Also, considering cost-of-living pressures, consumers are still spending and retail is fairing better than you might think. Could mortgage stress really be that bad?

Music: Summer Love by Helkimer is licensed under a Creative Commons License.

JLL, the global real estate services firm, recently moved its central Sydney operations to a new office at the Lendlease-owned Salesforce Tower. The office is everything research says workplaces need to be: it’s hospitality-driven, sustainable, flexible, tech-enabled, it encourages collaboration, plus there’s barista-made coffee, beer on tap and views to die for.

In this episode, Christina Khoo, who designed the premium space, chats to Rebecca Kent about how the office is being received, and the pressure of designing a new workplace for your own colleagues – and your boss.

Music: Slipping Away, Dyalla

Why Australia is bucking the trend on office demand; The tax boost that build-to-rent needed; And how much longer will industrial real estate remain the industry's golden child. JLL's head of research for Australasia, Andrew Ballantyne explores these ideas, supported by JLL data collated from the first three months of 2023.

He is interviewed by Rebecca Kent, director of content in Australia, for JLL.