Australian Commercial Property Market Forecasted Growth to USD 47.15 Billion by 202 [Yahoo! Finance]
LENDLEASE CORP LTD S/ADR (LLESY)
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Source: Yahoo! Finance
Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Commercial Property Market In Australia Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering. The global landscape is keenly observing the rapid evolution within the Australian Commercial Real Estate sector, as a recent study highlights a surge in market size. Between 2023 and 2028, the market is forecasted to grow at a robust compound annual growth rate (CAGR) of 8.46%, expanding from USD 31.41 billion to USD 47.15 billion. This upward trend reflects the dynamism of the industry and underscores the market attractiveness for investors and corporate entities. Market Influencers Accelerating Growth The Australian commercial property market has been greatly influenced by urbanisation, population growth, and a heightened preference for flexible working environments. Investment opportunities, facilitated by economic stimuli and lower interest rates, are on the rise.
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