Three things that got the team talking this week

Weekly insights from the Trail

Three things that got the team talking this week

November 22, 2024November 29th, 2024

1. Office – location, location

Incentives, AKA annual discounts of face rents, have been rising in unpopular office locations such as Western Sydney and Docklands Melbourne. Higher incentives mean office owners need to offer more to ‘incentivise’ tenants to move in.

Interestingly, ‘core’ locations in the heart of the CBD have been stable in the past 3 years.

Source: CBRE

2. SEEK job pricing moving higher

We think placing a job ad on SEEK is too cheap. Seek are steadily closing the gap by increasing prices at a rate of just under 10% per year.

Source: Evans & Partners

3. Doctors in demand!

The McKinsey survey below suggests that more than half of doctors are approached every week about a new job, such is the shortage!

Source: McKinsey US Physician Survey

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Weekly insights from the Trail