Knowledge Hub

• The COVID-19 pandemic and the ensuing lockdowns’ economic ramifications have caused significant uncertainty over the future of work and rental income from office properties.
• Nearly 60% of the UK Quarterly Property Index’s office rental income comes from leases that expire or contain a break-clause date over the next five years.
• A review of lease events showed that in 2019 47% of offices were vacant for one quarter or more after a break clause and 72% were vacant after lease expiry.1 These numbers could rise amid COVID-19, leaving more rent at risk.

Development on new phases continues despite the unspoken moratorium, with several major cloud services increasing their local platforms

Despite the unofficial moratorium on new site development, Singapore continues to lead the greater APAC region in data centre innovation and often as the first market reviewed for regional market entry. Phased buildouts are still continuing...

Sydney has continued its progression as a hyperscale cloud destination, with Amazon Web Services, Microsoft Azure, Google Cloud, and Alibaba all continuing their local market inroads in a bid for further market share. Each has been intrigued by the plethora of locally based mid- and large-size enterprises currently reviewing their IT strategy, along with the many government and educational organizations pursuing modernization initiatives from the NSW government and ATO on down. As each service signs up new clients...