Australian Commercial Property Market Forecasted Growth to USD 47.15 Billion by 202

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Commercial Real Estate Market In Australia Yield Of Prime Office C B D Real Estate In Australia In Third Quarter 2022

Commercial Real Estate Market In Australia Yield Of Prime Office C B D Real Estate In Australia In Third Quarter 2022

Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) — The “Commercial Property Market In Australia Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.

The global landscape is keenly observing the rapid evolution within the Australian Commercial Real Estate sector, as a recent study highlights a surge in market size. Between 2023 and 2028, the market is forecasted to grow at a robust compound annual growth rate (CAGR) of 8.46%, expanding from USD 31.41 billion to USD 47.15 billion. This upward trend reflects the dynamism of the industry and underscores the market attractiveness for investors and corporate entities.

Market Influencers Accelerating Growth

The Australian commercial property market has been greatly influenced by urbanisation, population growth, and a heightened preference for flexible working environments. Investment opportunities, facilitated by economic stimuli and lower interest rates, are on the rise. Further, significant digital advancement and an appetite for innovative commercial spaces are propelling the industry forward.

Robust Investment in Office and Industrial Sectors

Office real estate emerges as a prime driver behind this growth, with the sector claiming nearly 40% of the country’s commercial real estate investment in 2021. Notably, prime office real estate in sought-after CBD locations commands impressive yields and low vacancies, despite shifting work patterns due to the pandemic.

A sharp uptick in investment is evidenced by bustling transaction activity, returning to pre-pandemic levels powered by sizable logistics deals.

The industrial and logistics segment boasted a remarkable increase in sales, amplifying the attention on income-generating asset classes within the commercial property landscape.

Incentives and rents vary with location,

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