The commercial property industry in Australia could grow to be worth more than $50 billion per annum in 10 years, as it tackles some of the most major – and exciting – challenges it’s ever seen, predicts one of the industry’s top developers.
And that means embracing transformational change throughout the industry.
“Simply delivering the same cookie-cutter office towers that dominated city skylines in generations past simply won’t cut it,” Kylie Rampa, chief executive – property Australia Lendlease told The Australian Financial Review Property Summit, held in association with Commercial Real Estate.
“A range of macro trends are reshaping the commercial landscape like never before, whether it’s the march of new technologies, or an absolute expectation that our precincts leave a much lighter environmental footprint, or a new generation of workers demanding more than a bricks and mortar place to work.”
