Commercial Property Market Trends

Forget London and New York. Sydney will enjoy the strongest office rental growth of any city in the world over the next three years, according to a new report.

Increased competition and sluggish demand has left shopping centre managers feeling bearish, according to a report released today by JLL. This article originally appeared on theaustralian.com.au/property.

There is still life in Western Australia’s ailing commercial property market, particularly in retail, experts say.

A prime 2.96ha waterfront development site in the heart of Townsville’s Breakwater Marina and near the Townsville Entertainment and Convention Centre has been placed on the market.

Investor interest in neighbourhood shopping centres has dipped in the last year, in a sign the buying frenzy that characterised previous purchasing seasons could be over.

Brisbane’s industrial sector is soaring, with an ongoing flight to quality seeing occupiers take advantage of low prices to snap up A-grade warehouse space.

Sydney CBD retailers are paying a growing premium for space in Australia’s hottest shopping market, with prime rents ballooning by more than a quarter.

The country’s commercial property executives are becoming more bearish, with a National Australia Bank survey showing sentiment has fallen to its lowest level in two years. This article originally appeared on theaustralian.com.au/property.

Total vacant space in Brisbane’s industrial market has fallen for the fourth consecutive quarter and is now down by more than 10% compared with a year ago.