Latest Commercial Real Estate News

The residential property market might be bouncing back strongly but office landlords are still buying up sites where luxury apartments had been planned, while the pre-sale market remains flat.

Shopping centre giant Vicinity Centres has flagged yet another expansion of Melbourne’s massive Chadstone Shopping Centre, that it owns with billionaire John Gandel, with another tower and even residential apartments potentially in the mix.

The struggles of US retailers cannot be directly translated to the Australian market as American cities are swamped with physical retail space while retail space in local capitals is still constrained.

Booming trade and a population explosion are set to drive interest in a prime Coles supermarket investment on Melbourne’s outskirts that will be auctioned next month.

An Eastwood retail store occupying just 303.5sqm of land sold for $7.25m when it was auctioned for the first time in 40 years.

An 1100sqm block of Casula land with an existing DA to subdivide into 29 blocks has been sold for $220,000 less than it exchanged hands for in 2015.

Billionaire Bob Ell and listed property company Stockland have confirmed the industrial property boom is well and truly on, with both making big moves in the sector.

“Is it too late to invest in the Sydney and Melbourne office markets? Is it too early for Brisbane and Perth?”

Sydney’s Pitt St Mall has been named the seventh most expensive retail precinct in the world, with rents on the famed strip growing faster than any other top ranked location.