Commercial Property Market Trends

Victoria was once dubbed “the place to be”, and the slogan is ringing true for commercial property, with sales in the last financial year almost doubling the 10-year average.

Strata office values in the supply-starved Sydney CBD market have skyrocketed by almost 30% in the first half of the year.

Retail investors spent almost $10 billion acquiring new assets during the last financial year – eclipsing the five-year average by almost $3 billion.

Sydney and Melbourne’s office markets continued their strong performances during the June quarter while resources-hampered cities struggled, leading to a widening gulf between the cities. This article originally appeared on theaustralian.com.au/property.

AMP Capital has appointed Brookfield Multiplex to build the $600 million redevelopment of Perth’s Karrinyup Shopping Centre, just hours after CBD shopping centre Carillon City hit the market.

Listed hotel management company Mantra Group has more than 20 Asia-Pacific and domestic properties in its pipeline and has unveiled an increased offshore focus. This article originally appeared on theaustralian.com.au/property.

Vacancy levels in the Brisbane CBD are predicted to peak at 19% this year, but industry commentators are confident growing demand from the health care and IT industries will counteract any further rise.

Care to guess Victoria and New South Wales’ most searched-for non-CBD commercial property locations? The results might surprise you.

Markets don’t like surprises or uncertainty and the Australian commercial property sector is no exception. This article originally appeared on theaustralian.com.au/property.