Office

They comprise 15.3% of removals since start of pandemic, Savills reported.

Springboard reports the hybrid workers keeping rate below 2019 levels.

There are also scattered reports of falling property prices.

Office vacancy levels in CBDs of primary metros are up 30 basis points to 18.6 percent.

JLL's Workforce Preferences Barometer found that non-managers, Baby Boomers have a weaker appetite than Gen Y and Z for hybrid work.

Move comes as part of plan to split industrial giant into three businesses.

Global firm prevents 98% of unwanted furniture from being sent to landfills.

While building conversions might help, the office market is too unsettled to become a significant source of new housing.