COMMERCIAL
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Commercial auction events to see 40 properties go under the hammer
Two major commercial auction events are set to see 40 commercial properties go under the hammer across the country.
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Retail asset transactions gain best market share in 20 years
For the first time in nearly 20 years, retail assets have made up the largest portion of commercial property transactions.
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Central Pier tenants settle $42 million legal dispute
A group of tenants that operated businesses at Mebourne’s Central Pier has settled a legal dispute with the Government after it was closed for safety concerns in 2019.
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Survive to ‘25: Predictions for the commercial property market
After a challenging 2023 that saw interest rate increases hampering investment activity and affecting values, the outlook for 2024 will continue to be difficult.
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‘Beds and sheds’ to see strong demand in 2024
Property assets in “beds and sheds” sectors which include tourism, boarding houses, blocks of units and industrial assets are all set to perform strongly in 2024 according to an expert.
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Bringing pets to work could help bring office sector back to life
With workplaces around the country struggling to get people back to work, allowing pets could help bring offices back to life according to an expert.
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Tourism and industrial sectors the big winners this year
The tourism and industrial sectors have been the shining lights in whats been a rough year for commercial property, according to an expert.
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Knight Frank: 2024 will be better for commercial property
After a tumultuous 12 months, 2024 is shaping up as a better year for commercial property, with Knight Frank tipping it’s going to be a good time to acquire assets.
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Office market declines approaching GFC level
The decline in office assets is approaching GFC levels, with the outlook for 2024 looking “rough” according to an expert.
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Alternative assets grow in popularity despite commercial slowdown
Higher interest rates and geopolitical uncertainty are slowing down commercial property transactions, however, alternative assets are continuing to attract the attention of investors according to an expert.
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RWC Medical uniquely links healthcare real estate and recruitment
Franz Stapelberg is looking to revolutionise the healthcare real estate sector, setting up an end-to-end service with the creation of RWC Medical.
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Gold Coast office market to run out of stock in three years
A lack of new office developments on the Gold Coast is likely to see the availability of office space dry up over the next three years.
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Foreign investors offload Australian commercial property
Foreign investors have reduced their exposure to Australian commercial property, as higher interest rates and soft returns for office and retail weigh on sentiment.
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Investing in tourism assets is back as confidence returns
After some lean years during Covid, investment in hotel assets is once again surging, highlighting the improved confidence across the tourism industry.
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Rise in new businesses to drive demand for commercial property
The number of new businesses getting started is increasing and it will likely lead to rising demand for commercial property according to an expert.
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Industrial assets remain the strongest commercial property class
Commercial assets have been the battling rising interest rates in 2023, however, industrial assets have managed to see strong ongoing demand.
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Businesses flee secondary office buildings
The flight to quality across the office sector continues to see businesses move towards higher quality spaces in a trend that is likely to continue.
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Stunning 3D-printed hotel to be created in Texas
Cutting-edge 3D printing technology will be used to create a stunning hotel in Texas that will feature never before seen architecture.
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Queensland and Western Australia seeing increased demand for office space
While office vacancy rates are rising in Sydney and Melbourne, demand has lifted Queensland and Western Australia according to an expert.
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High-interest rates the key driver of commercial property in 2023
The Real Estate Institute of Australia (REIA) expects to see interest rates remain at elevated levels, which will continue to drive commercial capitalisation rates higher over 2023.
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Offices sales top industrial for most transacted
After the huge interest in industrial assets in recent years, the trend is now starting to normalise with sales of office assets overtaking industrial.
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Ray White launches RWC Retail
The Ray White Group has announced the launch of RWC Retail, with the new business, aiming to provide a dedicated team for the sale of retail property across Australia.
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The hotel industry rebounds as tourism nears pre-COVID levels
The hotel sector is showing signs of a return to pre-COVID occupancy levels, while room rates are also forging ahead according to an expert.
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Commercial property investors seek cemeteries and brothels in unorthodox property hunt
Carparks, churches, cemeteries and brothels are among the unorthodox assets commercial property investors have turned to in recent years as they search for growth, development potential and long-term capital appreciation.
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Roxy Jacenko selling her luxury Paddington office
Well-known publicist Roxy Jacenko is making headlines once again as she embarks on a new chapter in her life.
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Office market underperforms compared to industrial and retail
Demand continues to wane for office assets as ongoing low occupancy rates and the changing nature of the workplace are leading investors to focus on other asset classes according to an expert.
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Industrial property holds up as commercial growth declines
Higher interest rates have seen the growth in commercial assets dry up, however, industrial property continues to hold up according to an expert.
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Landlords to cut office leasing incentives
As workers return to the office in increasing numbers, landlords are expected to reduce office leasing incentives in 2023, according to experts in the field.
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