The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
UPCOMING EVENT - INDUSTRIAL AND LOGISTICS SUMMIT 16 OCTOBER, SYDNEY
INDUSTRIAL AND LOGISTICS SUMMIT - TICKETS NOW ON SALE
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OfficeStaff WriterTue 16 May 17

Smart Buildings Climbing To The Top Of Property Market Menu

iStock-499172370_620x380

Smart technology will be the catalyst for change in Adelaide’s office landscape, taking the same focus that sustainability and end of trip facilities did a decade ago.

CBRE Head of Advisory and Transaction Services Andrew Bahr said office landlords were looking beyond the traditional suite of offerings, to provide a more innovative and efficient experience for occupiers.

“With technology becoming more sophisticated and ever-changing, landlords need to look beyond the physicality of buildings, to how they can help drive greater efficiencies and a better customer experience for tenants,” Mr Bahr said.

“With sustainability and end of trip facilities now commonplace features in the office sector, the focus is now on how smart technology is the gateway for the next generation of buildings.”

Mr Bahr said although there was not a substantial pipeline of new buildings being developed in Adelaide, smart technology would be a trend that plays out in the existing market as well.

“Given Adelaide’s ageing stock profile, landlords in fact need to work even harder to remain competitive, best future-proof assets in lower market cycles and ultimately add value and drive efficiencies for occupants,” Mr Bahr said.

"In secondary buildings, smart technology can help uplift certain areas – whether this be building and lift access through smartphones or heat mapping, enabling a customer to better manage their office space.

“Office environments that offer a better user experience and allow for future innovation will ultimately win tenants over, therefore, landlords need to embrace the technology that facilitates this to really differentiate their product in what is a challenging market in Adelaide at the present. This is where demand is going – that is not changing.”

Speaking about investment in South Australia, CBRE Head of Research for Australia Stephen McNabb said capital injection in Adelaide would increase over the next two years as yield compression reaches its peak in Sydney and Melbourne, and investors now focus more on relative income yield as the main motivation for investment.

“South Australia’s improved economy, which has been gaining momentum over the past 12 months, is making Adelaide look more attractive – particularly given the yield spread over bonds in prime assets is nearly 400bp, nearly 200bp wider than Sydney,” Mr McNabb said.

The presentation also referenced CBRE’s latest Investors Intentions Survey – highlighting 30% of Asian investors list Australia as their preferred APAC destination for investment.

“Investors are looking for higher yield spreads which will push them to new locations - markets like Adelaide will come into the radar,” Mr McNabb said.

ResidentialAustraliaTechnologyReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Global Shifts Redraw the Map for Australia’s Office Market
Exclusive

Office Eyes Slowdown as New Stock Supply Becomes a Trickle

Vanessa Croll
7 Min
Salta MD Sam Tarascio
Exclusive

Why Salta Won’t Break Ground on $400m Pipeline

Leon Della Bosca
7 Min
Exclusive

Precinct Proposals Bloom as Brisbane Middle-Ring Sheds its Past

Phil Bartsch
8 Min
Exclusive

Newest Land Lease Player Plots Sector Shake-Up

Taryn Paris
5 Min
View All >
Placemaking

Arup to Lead Brisbane Games Victoria Park Masterplan

Lindsay Saunders
Shayher 309 North Quay DA hero
Development

Twin-Tower ‘Gateway’ Revealed for Brisbane Renewal Precinct

Phil Bartsch
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
Building in ways to press pause on connected lives is enhancing project appeal, resident satisfaction and long-term valu…
LATEST
Placemaking

Arup to Lead Brisbane Games Victoria Park Masterplan

Lindsay Saunders
3 Min
Shayher 309 North Quay DA hero
Development

Twin-Tower ‘Gateway’ Revealed for Brisbane Renewal Precinct

Phil Bartsch
3 Min
Korean coliving hero
Exclusive

Disconnection by Design: Why ‘Untech’ is the Next Big Amenity

Clare Burnett
5 Min
Development

Finalists Announced for The Urban Developer’s Urban Leader Awards 2025​

David Di Marco
9 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/smart-buildings-building-bridge-technology-property