Report Overview

The Australia commercial real estate market is estimated to be valued at AUD 50.14 billion in 2023. It is expected to grow at a CAGR of 4.42 % between 2024 and 2032 to reach almost AUD 74.00 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to the Australian Bureau of Statistics (ABS), in February 2024, the total number of dwellings approved reached 12,520.
  • In February 2024, the value of the non-residential building stood at AUD 4.09 billion.
  • As per ABS, there were 226,307 dwellings under construction as of March quarter of 2024.

Australia Commercial Real Estate Market Growth

Compound Annual Growth Rate

Value in AUD billion

4.42%

2024-2032


Australia Commercial Real Estate Market Outlook

*this image is indicative*

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

The Australia commercial real estate market is thriving due to a steady demand for office spaces as businesses expand or relocate. 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.

Australia Commercial Real Estate Market Report

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 Segmentation

Australia Commercial Real Estate Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Industrial and Logistics
  • Offices
  • Multi-family
  • Hospitality
  • Retail

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market was valued at AUD 50.14 billion in 2023.

The market is projected to grow at a CAGR of 4.42% between 2024 and 2032.

The revenue generated from the commercial real estate market is expected to reach AUD 74.00 billion in 2032.

Based on the type, the commercial real estate market is bifurcated into offices, hospitality, industrial and logistics, multi-family, and retail.

Key players in the commercial real estate industry are Meriton Group, Frasers Property Australia Pty Limited, Stockland Corporation Limited, Mirvac Limited, ABN Group, Knight Frank Australia Pty Ltd., Colliers International, and Gorman Allard Shelton Pty Ltd., among others.

The market is broken down into New South Wales, Victoria, Queensland, the Australian Capital Territory, Western Australia, and others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

Report Features Details
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Region
Breakup by Type
  • Industrial and Logistics
  • Offices 
  • Multi-family
  • Hospitality
  • Retail
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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.
  • Others.

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