Commercial property to climb out of $4b hole
In the worst year for commercial property in at least a decade, 2024 saw the market fall to less than $6b in deals, down from $10b pre-pandemic.
High-end office properties will be the beneficiaries of resurgent demand.
Commercial property looks set to return to form next year, after a torrid 12 months, during which the sector’s assets fell by about 10% by value and sales drop to their lowest ebb in more than a decade.
Westpac chief economist Kelly Eckhold expected that bounce to come on the strength of occupier
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