Investment into Australian commercial real estate remained elevated in 2022 with $43.6 billion in transactions. A calendar year total only surpassed in Cushman & Wakefield records by the $53.6 billion reported for 2021.
While annual translation volume remained strong, activity slowed throughout the year as market expectations adapted to rising interest rates, inflation and economic uncertainty.
Q4 transaction volume totalled $9.1 billion for the quarter, down from solid volume in Q2 and Q3 of $15.9 and $10.6 billion respectively and less than half Q4 2021’s record $21.3 billion, which had been supported by the strong interest in the industrial & logistics sector during the COVID lockdowns.
The office sector recorded the highest transaction volume of the main CRE sectors ($3.4 billion), industrial & logistics had the second highest volume ($2.2 billion) followed by retail ($1.9 billion) and ‘CAMSS’ (1.6 billion). 'CAMSS' includes care, accommodation, mixed use, service and storage CRE sectors.
Australia Investment MarketBeat Report
07/02/2023
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