NEW HIGH IN COMMERCIAL SALES TRANSACTIONS IN 2021 / 22
The Australian commercial property market has had a busy 12 months , eclipsing sales volumes of prior years . During 2021 / 22 , $ 69.7 billion changed hands , represented by more than 9,300 major transactions ( over $ 2 million ), up 49.35 per cent on the prior year . Strong increases can be attributed to the low interest rate environment and strong demand for quality , income producing assets by both local and offshore funds and institutions . Private buyers and investment syndicates also grew their holdings this year .
Despite low occupancy levels in our CBD office markets , this sector of the market accounted for the greatest transactions , with high foreign buyer interest in trophy assets at low yields resulting in office sales accounting for 32 per cent of total turnover . Industrial assets have been in strong demand over the past few years , with record low vacancies coming from the uptick in tenant requirements by logistics , transport and warehouse users . With this high occupancy and rising rents , this sector has been hotly contested and will serve as a quality inflation hedge in the current economic climate .
DURING 2021 / 22 , $ 69.7 BILLION CHANGED HANDS UP 49.35 PER CENT ON THE PRIOR YEAR .
28