$28 billion commercial property sales up 20%: Savills Australia
Jonathan ChancellorDecember 7, 2020
More than $28 billion worth of commercial property - office, industrial and retail - has been transacted in the 12 months to June nationally, up nearly $5 billion or 20% on last year’s figure, with foreign investors taking 24%, according to Savills Australia’s latest research.
Retail was the big mover with $7.4 billion worth of transactions, up 26% on the same period last year, according to Savills Australia’s national head of research, Tony Crabb.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.