Industry Analysis & Industry Trends
Commercial real estate agents facilitate the sale of commercial property in Australia. Over the past five years, the industry has struggled to rebound from the global financial crisis, which caused high levels of revenue volatility and several years of significant revenue declines. These circumstances arose as business sentiment dropped and lending standards escalated, causing investors to move away from commercial property to invest in lower risk ventures. During this period, commercial property sales volumes also fell, as property or premises upgrades became a secondary priority for struggling businesses. Overall, industry revenue is forecast to decline at an annualised 2.2% over the five years through 2014-15, to reach $838.3 million... purchase to read more
Industry Report - Industry Products Chapter
Industry services can be split based on the type of commercial property being sold.
Prime office sales
This product segment includes sales of prime office buildings that command a premium based on their location. These properties are usually situated in the CBDs of major Australian capital cities. A lot of the transactions in this segment occur with sophisticated investors purchasing and selling large office buildings directly, thereby bypassing commercial real estate agents all together. Over the five years through 2014-15, this market is expected to increase as a portion of industry revenue.
This segment includes sale of office space located outside of CBD areas... purchase to read more