Australia Commercial Real Estate Market Size, Share Analysis and Forecast Report (2024-2032)

Based on type, the offices led the Australia commercial real estate market by offering longer income stability to the investors.

As businesses expand or relocate, there is a continuous demand for office spaces. This demand is driven by sectors such as finance, technology, professional services, and corporate headquarters seeking modern and well-located office facilities. Investments in infrastructure projects, such as transportation networks and urban redevelopment initiatives, often stimulate demand for office spaces. Improved connectivity and accessibility enhance the attractiveness of office locations. Retail establishments contribute significantly to the economy by generating jobs, supporting local businesses, and stimulating economic activity. Retail spaces in prime locations are sought after by businesses looking to capitalize on consumer spending.

The development of the Australia commercial real estate market is driven by various factors, including the integration of technologies such as the Internet of Things and artificial intelligence, which have enhanced the overall resident experience. Additionally, office spaces are increasingly equipped with amenities such as coworking spaces, and there is a growing trend towards green building practices aimed at addressing environmental concerns and reducing costs. According to ABS, in April 2024, the total number of dwellings approved has been 13,078.

Australia Commercial Real Estate Market Share

The industrial and logistics sector holds a major share in the Australia commercial real estate market due to its integral role in supporting e-commerce growth, optimizing supply chains, infrastructure investments, investor interest, space requirements, technological advancements, flexible lease terms, diverse tenant base, resilience, and sustainability initiatives.

Leading companies in the Australia commercial real estate market

The growth of the Australia commercial real estate market is driven by trends in technology integration, sustainability initiatives, flexible workspaces, mixed-use developments, urbanization, health and wellness, adaptive reuse, retail evolution, economic diversification, tenant experience enhancements, and regulatory support.

• Meriton Group
• Frasers Property Australia Pty Limited
• Stockland Corporation Limited
• Mirvac Limited
• ABN Group
• Knight Frank Australia Pty Ltd.
• Colliers International
• Gorman Allard Shelton Pty Ltd.