Investor Presentaiton
Leasing observations
Return to office gaining momentum
› Continued evidence of flight to quality as customers look to attract and retain talent
› Large businesses indicating strong desire for staff to return to the office due to
evidence of lower productivity, inequitable distribution of work and impact on culture.
However, tight labour market is delaying mandated returns
> Of the space renewed across the office portfolio in FY22, 20% were expansions,
5% were contractions and 75% retained the same space
› Companies are looking through the current environment to the future
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- Average lease term across FY22 leasing was 5.6 years (excluding developments)
Customers are investing in fitout and engaging with our strategic workplace team, Six Ideas
Strong interest in our development pipeline, with three large tenants conditionally secured
across ~23,800 square metres at Waterfront Brisbane and ~12,000 square metres at
123 Albert Street, Brisbane
17
Dexus 2022 Annual Results Presentation
TOWN
HOLLAND
Kings Square, Wellington Street, Perth WA.
17 August 2022
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