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The Forum > Article Comments > Three different office market stories. Same set of data. > Comments

Three different office market stories. Same set of data. : Comments

By Ross Elliott, published 23/10/2014

There is a lot of pessimism about the CBD office market in Brisbane at present but is all of it warranted?

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Longer term?
Further and long overdue decentralization, and the continuation of the current downward trend, and thank heavens, a return to halfway reasonable rents, is in prospect!
Even so, at the end of the day, 50% of something will be worth more than 100% of nothing!
That said, the wise would be well advised to junk the bricks and mortar mindset, and instead look at promising alternative energy prospects/projects.
Simply put, as the world supplies of energy products/production winds down; as it must, those with (can't loose) investments/shares in alternative energy projects, will just get richer and richer, as alternative energy product production is cranked up and up!
A good businessman/woman, know when to cut his/her losses and get out OR IN!
Rhrosty.
Posted by Rhrosty, Thursday, 23 October 2014 12:44:39 PM
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Well we can only hope the pessimism is well founded.

If half the office space, & a quarter of the retail space was converted to apartments for those who have some reason to actually want to be in the CBD, & the office/retail space built out on the fringes of the south east, it would save the taxpayer a fortune.

Gone would be the peak hour traffic jam, as many people stopped traveling to the city. It would save a fortune in road works.

Gone would be the need to upgrade public transport, as so many more could live near their workplace.

Talk about a win/win, & just think how many less bureaucrats they would need in the Brisbane council. One can only dream.
Posted by Hasbeen, Thursday, 23 October 2014 1:23:34 PM
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