[+] Scramble for Survival as Office Gloom Drags On

Depending on who you ask, offices are either dead—or they’re just hibernating.

The Property Council of Australia this week attempted to instill confidence after more than a year of plummeting office valuations, nose-diving transaction volumes and the stalling of new office developments. 

But MSCI head of real assets research for the Pacific Benjamin Martin-Henry says it is evident that Australia isn’t weathering the office downturn well.