Futureproofing the Workplace: Inside the Offices of 2050

As companies rethink how their offices should function in an age of rapid tech shifts, Geyer Valmont is spending its time reworking the buildings we already have.

CEO Marcel Zalloua says most of the structures dominating our skylines will still be here in 2050, but the way we use them will look nothing like today.

In this Q and A, he breaks down how AI, data and smarter design are set to transform the workplace.

Q: How are businesses futureproofing offices and buildings for 2050?

A: When we think about the future of the commercial building environment, it’s interesting to note that in 2050, most of the buildings making up our current horizon will still be standing, however what’s inside them will be completely transformed.

When we talk about future proofing commercial office spaces, our job really is to reshape the existing built world so that it continues to be fit for purpose, and incorporates infrastructure and design that enables our future state.

At Geyer Valmont, our remit is primarily to reimagine and redesign current spaces to be smarter, more sustainable and more efficient.

Q: How is technology influencing the way companies design and manage their office spaces, and how do you see this evolving in the next few years?

A: Offices are growing increasingly complex, incorporating new technologies, spaces and tools which continue to challenge traditional office design.

At the same time, technology has dramatically changed how we can enhance increasingly available data, to leverage many years of design intelligence, streamline processes and optimise performance.

This abundance of data has unlocked the ability to utilise new forms of technology that help companies visualise, simulate and redesign spaces with greater agility.

At Geyer Valmont, we’re using these technology advances to create new tools that can simulate office layouts, like our recently launched GVi tool.

GVi is an AI-powered ‘digital twin’ platform that can test design changes in real-time and forecast how spaces will perform before clients have to commit committing to physical adjustments, turning risk into evidence.

As Geyer Valmont is a fully integrated design and construction firm, GVi was developed as a critical tool to streamline the complexity of this process into one platform, and one simple, easy to use interface.

Our clients now only need to focus on their needs and the design outcome, as the delivery programme and costs are automatically calculated through the tool.

In the coming years, we expect AI to continue to play a deeper role in office design, taking the rapidly evolving needs of the business into consideration and helping companies accelerate the design process, with cost savings and efficiencies along the way.

Q: In 2026 and beyond, how do you see client expectations from their physical workplaces evolving?

The physical workplace is no longer just a place to work and meet, it can actively shape culture and performance through hyper-personalisation driven through AI tools and data.

As AI continues evolving, physical workplaces will too. AI will be used as a predictive tool to adapt to human needs in real time, using real data – lowering risk and recommending improvements.

This has the dual use of tailoring environments to individual preferences, for example lighting and temperature, as well as driving efficiencies for the business.

We believe that AI is a tool that should be embraced to streamline processes, as it enables us to spend more time with our clients, getting to know their businesses, so we can ensure we get under the hood of their operations to deliver workplace solutions that are right for now and for the future.

Australia’s housing market staged a turnaround in 2025, defying intense affordability and cost-of-living pressures to deliver an above-decade-average growth rate of 7.7% through the year-to-date.

Cotality’s annual Best of the Best report, a detailed nationwide breakdown of the suburbs that rose fastest, had the highest rent return or offered the most accessible entry points, identifies which markets led the year’s recovery.

National dwelling values are set to close 2025 at least eight per cent higher, a result Cotality Australia Head of Research Eliza Owen says highlights how quickly conditions shifted after a challenging start.

“Markets entered 2025 under considerable pressure. Affordability had hit a series high, serviceability was stretched and price growth had flattened out. What followed was an unexpectedly strong rebound as interest rate cuts, easing inflation and limited supply reignited competition,” Ms Owen said.

Three rate cuts, an expansion of the 5% Home Guarantee Deposit Scheme and persistently low listing volumes helped drive the recovery, with the housing market recording three consecutive months of growth of at least 1% by November and reaching a new high of $12 trillion.

Owen said the turnaround was most visible across lower-value markets and regions where buyers were able to respond quickly to more favourable credit conditions.

“Tight supply meant even modest demand created upward pressure on prices. Cheaper markets were had the most acceleration because they remained within reach for buyers navigating higher living costs,” she said.

Prestige Sydney remains Australia’s price leader

Sydney’s top-end suburbs sat in their own price bracket in 2025, widening the gap between premium enclaves and the rest of the country.

Point Piper led the national list with a median house value of $17.3 million and unit medians above $3.1 million, followed by long-established areas such as Bellevue Hill, Vaucluse,

Tamarama and Rose Bay.

Owen said the resilience of premium Sydney markets was in sharp contrast to affordability pressures elsewhere.

“Affordability constraints were a defining feature of 2025, yet premium markets continued to operate on their own cycle. These suburbs are far less sensitive to borrowing costs and

listing trends, which is why their performance often diverges from the broader market,” she said.

Mosman recorded the highest total value of house sales nationally at $1.58 billion across 229 transactions, underlining the scale of turnover even in a year of strained serviceability.

Lower-value suburbs delivered the strongest gains

Western Australia dominated high house value growth in 2025, with Kalbarri increasing 40.2% to $515,378 followed by Rangeway (32.2%) and Lockyer (32.0%).

Similar trends emerged in the unit market, with strong results concentrated in Queensland’s mid-priced regions such as Cranbrook (up 29.3%) and Wilsonton (up 26.9%).

Ms Owen said the performance of these markets highlighted the role of affordability at a time of constrained borrowing power.

“Lower value areas offered buyers an opportunity to get into the market if they had the capacity to service a mortgage. Once interest rate cuts started to flow through, demand lifted

quickly in those areas where prices had further room to grow,” she said.

“Investors were a particularly strong driver of demand in markets across WA and QLD, where the share of new mortgage lending to investors reached 38.3% and 41.1%

respectively.”

Perth, Brisbane and Darwin lead capital-city upswing

Darwin posted the strongest rise among the capitals at 17.1% through the year-to-date, following a flat result in 2024, joined by Brisbane and Perth as Australia’s three top-performing capital cities.

The fastest growing capital-city suburb for houses was Mandogalup in Perth (up 33.0% to $944,609), alongside several outer Darwin suburbs where more moderate entry points below $600,000 supported stronger value growth.

The most affordable capital-city suburbs for houses were clustered around Greater Hobart, including Gagebrook, Herdsmans Cove and Bridgewater, all with medians under $450,000.

Suburbs in Adelaide and Darwin provided some of the best value for unit buyers, with medians ranging from less than $250,000 in Hackham, Adelaide to $328,416 for Karama in Darwin.

Biggest gains and the steepest falls in regional Australia

Strong upswings in WA and Queensland contrasted with declines in other regional pockets.

House values fell 11.6% in Millthorpe (NSW) and 10.5% in Tennant Creek (NT) while several unit markets recorded annual declines, including South Hedland (down 14.1%) and Mulwala (down 11.8%).

Owen said these differences reflected the uneven backdrop of supply levels, migration flows and localised demand.

“Some regional areas are still benefiting from relative affordability and tight rental conditions.

Others are adjusting to earlier periods of rapid growth or shifts in local economic activity,” she said.

Mining towns produced the highest yields

Rental demand remained firm across key resource corridors in regional WA and parts of regional Queensland, where constrained supply, strong employment bases and short-stay

workforces contributed to some of the highest yields in the country.

Newman, in the Pilbara, delivered the strongest house yields at 12.6%, reflecting demand linked to iron ore operations, Kambalda East, near the Goldfields mining belt, followed at

12.2%, supported by nickel and gold activity.

Unit yields were even stronger, with South Hedland leading the country at 17.8%, while Newman recorded 14.3% and Pegs Creek recorded 13.2%, as apartment stock is limited

and worker demand remains consistent.

Pegs Creek, located in Karratha, recorded a 23.5% increase in house rents over the year and Rockhampton City recorded a 21.1% jump in unit rents.

Constraints to shape 2026

Market conditions are expected to be more restrained in 2026 as borrowing capacity, affordability and credit assessments place limitations on demand.

National listings remain 18% below the five-year average and new housing completions continue to trail household formation, maintaining the structural imbalance that supported

stronger conditions in 2025.

Owen said that imbalance alone is not enough to drive the same level of growth next year.

“Supply remains tight, but the demand environment is shifting. Inflation forecasts have been revised higher, interest rate expectations have adjusted with them, and households are

facing stricter borrowing assessments. Those factors can temper buyer activity even when stock levels are low,” she said.

“Lower value markets may still outperform because they carry less sensitivity to credit constraints, but overall growth is likely to be more measured compared with 2025.”

Key findings – Cotality Best of The Best (BoB) 2025

Lower-value suburbs delivered the strongest value gains, led by Kalbarri (WA), up 40.2% for houses, and Cranbrook (Qld), up 29.3% for units.

Sydney’s premium suburbs remained the country’s highest value markets, with Point Piper recording a house median of $17.3 million and unit median of more than $3.1

million.

Mosman recorded the highest total value of house sales nationally, with $1.58 billion transacted across 229 sales.

WA’s resource-linked towns produced the nation’s strongest rental yields, with Newman at 12.6% for houses and South Hedland at 17.8% for units.

Pegs Creek (WA) had the highest annual house rent increase at 23.5%, unit rents rose the highest in Rockhampton (QLD), up 21.1%.