In a world where remote work is becoming the norm, businesses are reevaluating their office space needs, leading to increased vacancies and mounting pressure on landlords. Major companies, accustomed to occupying large office spaces, are gradually adapting to the new reality of employee work preferences. This shift has seen some tenants downsizing, while others are embracing flexibility.
Recent research from real estate firm JLL indicates that vacancy rates in Sydney CBD offices have soared to over 14%, with Melbourne at 16.2%.
Amidst this challenging landscape, International Towers has defied market trends, outperforming the MSCI benchmarks over the past 1, 3, and 5 years. This success is attributed to the unwavering commitment of our tenants, and new tenants seeking ESG alignment, reaffirming International Towers as the premier workplace partner of choice in Sydney.
For those unfamiliar, MSCI, short for Morgan Stanley Capital International, is an investment research firm renowned for its stock indexes and portfolio risk and performance analytics. Institutional investors and hedge funds rely on MSCI's benchmark indexes, such as the MSCI Emerging Market Index and MSCI Frontier Markets Index, which are managed by MSCI Barra.
MSCI's comprehensive suite of tools supports the investment industry by providing valuable research, data, and analytics for analyzing and investing in global markets. Moreover, MSCI's stock indexes serve as vital benchmarks for funds tracking various global markets, contributing to informed investment decisions across industries.