Overview

Kernel Property is one of Australia’s leading tenant advisory firms, with a strong track record in working for professional services firms, particularly law firms. We speak with two of its Directors, Kai Schindlmayr and Steve Urwin, to discuss their perspective on the impact of the pandemic now, and how things might change in the future.

This is the third in a series of episodes focusing on emerging future trends in commercial real estate driven by the pandemic.

From the unfortunate lack of collaboration in current negotiations, to the concept of a fragmented office, to office pop ups in suburban retail space, to the future of face rents, we cover a lot of ground.

This was a fun and information rich discussion discussion, which we hope you enjoy.

Resources

More about Kernel Property: https://www.kernelproperty.com.au

Kernel Property recent podcasts & media: https://www.kernelproperty.com.au/news-and-resources

More about Field at https://www.fieldql.com

Timestamps

0:00 Start

1:08 Guest introduction

3:00 A collaborative approach to lease negotiation?

11:57 Current vibe in the CBD

15:35 Are Lease terms becoming more flexible?

19:54 The fragmented office

23:25 Will rent expenditure just reduce?

27:29 Impacts on productivity

27:54 Do decision makers lack empathy for their workforce?

33:01 Who should bear the risk of a pandemic under a lease?

44:22 (How) will office design change?

58:12 Repurposing suburban retail for office hubs

1:03:30 Will face rents survive?

1:07:44 Are we overmeeting’d?

1:15:22 Kai likes to Dunk!

10. It’s time to be bold, with Kai Schindlmayr and Steve Urwin from Kernel Property