Australia’s commercial property market size reached $33 billion in 2024 and is projected to grow to $78.5 billion by 2033, with a compound annual growth rate of 9.3% during the forecast period.
According to a new IMARC Group report titled “Australia Commercial Property Market Report by Type (Office, Retail, Industrial and Logistics, Hospitality, and Others), and Region 2025-2033,” foreign investment in Australia’s office, retail, and industrial markets topped $7 billion during the fourth quarter of 2024. The report also noted country’s urban population reached over 23 million in 2023, fueling demand for commercial spaces in the major cities. Along with foreign investment and urbanization, other market drivers include rapid technological advancements and digitalization, a greater focus on sustainability and green building initiatives, and greater infrastructure development and government support
“The Australia commercial property market is witnessing strong development as financial development, urbanization, and framework ventures are driving request for office spaces, retail outlets, mechanical offices, and neighborliness properties,” the report summary stated. “Designers and financial specialists are centering on maintainability activities, whereas government arrangements, such as moo intrigued rates and boost bundles, are supporting trade development and capital accessibility.”
The report summary also observed that the “market is encountering a surge in demand due to quick populace development, urban relocation, and the development of e-commerce, which is fueling the require for coordination’s and mechanical spaces. Government motivating forces and framework overhauls are pulling in both residential and universal speculators. Also, the progressing advancement of modern commerce locale and the modernization of commercial spaces are making openings for both occupiers and proprietors.”
