The commercial real estate market in Australia is showing early signs of recovery, with investors optimistic about potential global interest rate cuts, according to Cushman & Wakefield.
The firm’s CRE Glidepath study revealed that investment activity is already gaining momentum, with Q2 2024 transactions reaching $10.1 billion, more than double the Q1 total of $4.9 billion.
While the Commercial Property Price Index (CPPI) is expected to drop by 8% from its peak before stabilising in early 2025, investor confidence is growing.
At the same time, the proportion of CRE professionals who believe the market is in a downturn has significantly declined, from 75% in late 2022 to 45% by mid-2024.
