Healing in Australian Commercial Property Investment Sector Leaves Hotels Behind
Pacific Hotel Cairns in Australia which offered in May 2024
Australia's industrial residential or commercial property sector sees a renewal in 2024, with deals totaling up to $29.2 billion, a 21% boost from the previous year.
Regardless of the general healing, the hotel sector experienced a reduction in deals, with properties traded falling from $2.5 billion in 2023 to $1.6 billion in 2024.
Information from CBRE exposes a strong healing in the sector, with the overall deal worth reaching $29.2 billion, marking a 21% boost from 2023. This healing was shown throughout numerous sectors: workplace, retail, commercial, and living sector possessions.
CBRE's Australian Head of Capital Markets Research...