
Mark Rose
National Corporate Leasing and Strategy Manager, Group Property at Westpac, based in Melbourne.
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Sep 24, 2026
Why most companies start their office move 18 months too late
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1:06
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0:27speaker_0MODERATOR
Mark, thinking back on your last office move, what's one thing you wish someone had told you three years out?

Mark RoseGUEST
Um, I guess from a Melbourne context, well, our la- oh, sorry, our last office move was probably Festival Tower in Adelaide.

Mark RoseGUEST
Um, I think the thing we would've liked to know there, look, to be perfectly honest, is probably how aggressively rates were go- gonna grow, um [coughs], and how aggressively economic rents were gonna grow, especially in Adelaide.

Mark RoseGUEST
It's probably the, the story that Annabel talked about in Melbourne with high vacancy but very little vacancy in the premium grade assets.
14 MINS LATER
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15:01speaker_0MODERATOR
Um, speaking of reusing what we have, Mark, can you unpack how Westpac weighed staying and refurbishing the existing fit-out versus moving to a brand-new building with all the bells and whistles? Was the embodied carbon piece hard to actually quantify?