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• The weak macro-economic environment, subdued labour market, and the softening of the mining boom are predicted to contribute to tenants’ favour• All markets with the exception of Perth are set to be tenant-favourable in 2013
AUSTRALIA, 12 December, 2012 – Tenants are set to hold the balance of power in 2013 across Australia’s real estate markets amidst the continued weak macro-economic environment, subdued labour market and the softening of the mining boom.
Tony Wyllie, Regional Director of Corporate Solutions at Jones Lang LaSalle, said these three factors will boost leverage enjoyed by tenants across the capital city markets – with the exception of Perth – and will also be the biggest influencers on corporate real estate decisions in 2013.
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