Industrial demand hits record but commercial property confidence cools overall
Industrial property demand has reached record levels as vacancy rates fall, but weakening retail confidence and tighter access to finance are creating a more uneven commercial outlook.
Property professionals expect capital values to fall over the next 12 months for office (-1.0 per cent) and retail (-1.3 per cent), while industrial values are expected to rise 1.2 per cent. (Image source: metamorworks/Shutterstock.com)
Australia’s commercial property market is becoming increasingly divided, with industrial property continuing to attract strong occupier demand while confidence in retail property deteriorates and access to finance becomes more difficult.
The latest NAB Commercial Property Survey points to a more cautious outlook for the sector, but new industrial leasing figures suggest opportunities remain for investors who properly assess asset classes, locatio…
