Following Q4 2021’s record breaking commercial real estate (CRE) transaction volume, fresh records were set in Q1 2022.
At $6.5 billion, transaction volume surpassed the previous Q1 record of $6.3 billion set in 2018.
Rolling annual transaction volume totalled $53.9 billion, the strongest annual figure in Cushman & Wakefield’s Australia’s CRE Investment series, exceeding the previous record of $51.9 billion set in Q4 2021.
The office sector recorded the highest transaction volume ($2.7 billion) of the main CRE sectors and ‘Other’ the second highest ($1.39 billion). Retail was a close third place with volume of $1.36 billion, while Industrial had a relatively quiet quarter with $972 million.