Commercial Property Market Trends

A US research firm says cracks are appearing in US commercial property markets, with prices peaking and values likely to fall ­3-5% this year. This article originally appeared on theaustralian.com.au/property.

Perth’s office market is already seeing more action this year than in all of 2015, in a positive sign for the city’s maligned commercial prospects.

The upcoming completion of the $1.5 billion International Convention Centre and a boom in international tourism is behind the sale of Sydney’s Radisson Hotel.

The ranks of heavyweight investors pursuing Perth office towers are swelling, with a Singapore fund edging closer to buying a CBD building for about $84 million. This article originally appeared on theaustralian.com.au/property.

Retailers seeking a foothold in Melbourne’s CBD can’t be choosy, with just 29 core shop spaces currently available.

Queensland’s shopping centres remain hot property amongst investors looking to outmanoeuvre stiff competition and yield compression in the southern states.

Predictions for Australia’s bookshop industry might be full of woe, but someone forgot to tell one Melbourne retailer.

Move over, Monte Carlo and The Hamptons. There’s a new hotspot where the world’s wealthy are seeking out second homes, and it’s in our own backyard.

It might be the end of summer, but the outlook appears bright for the commercial office market on the New South Wales Far North Coast and in Coffs Harbour.