Latest Commercial Real Estate News

A Ballarat property poised to top $12m is expected to become one of the city’s priciest commercial real estate transactions to date.

Listed property giant GPT has joined the ranks of office block sellers, putting a one quarter stake in Sydney’s landmark Governor Phillip and Governor Macquarie Towers on the block.

If you’ve ever dreamt of owning and running your own ice skating rink, now’s your chance.

Art galleries, converting offices to apartments and many other left-field ideas are being mooted to help refill CBD towers in the aftermath of COVID-19. But are they necessary?

Last week there was a 3.0 per cent fall in searches for properties for sale, while lease search volumes fell for the first time in three weeks and were 1.7 per cent lower over the week.

A landmark waterfront estate at Kirribilli has sold under the hammer for an eye-watering $19.8 million – $4.8 million above the reserve price – and the biggest auction result across Sydney’s wet weekend.

Property group Dexus is backing up its claim that office values will hold, selling a North Sydney office block for $273m, just above its book value.

The dramatic switch towards online shopping prompted by the coronavirus pandemic is driving a sustained lift in the value of industrial property, as retailers take up more warehouse space to deliver goods to customers.

Industry superannuation-backed property funds manager ISPT has come through a tough period with its $19bn empire of commercial real estate intact after facing hefty redemption requests as the coronavirus pandemic broke out.