Thank you to ausbiz for having Forza Capital Director Adam Murchie on ‘The Call’ yesterday. Adam explained the reset creating value in the Australian office market.
Key points Adam covered were:
▪️ Sydney & Melbourne have experienced corrections deeper than the GFC whilst Brisbane leads valuations on tight supply and ~10% YoY rental growth.
▪️ Occupancy optics can be misleading – space per employee has expanded from 8→12 sqm since 2016; on a relative basis vacancy is easing and rents are firming.
▪️ Office‑to‑residential conversions is an efficient use of embodied carbon but planning and cost hurdles keep it selective.
▪️ Today’s office assets offer tax effective ~7–9% p.a. cash distributions and IRRs between 14-16% with inherent inflation protection.
🎥 Watch the full interview on ausbiz – Australia’s office sector finding its feet again on ausbiz
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