Commercial Property Set for Further Growth in 2022
After a strong 12 months, industrial property is set to see further upside according to a leading valuer.
Nick Barlow, valuer from Suburbanite says industrial real estate will continue to be the standout performer in the commercial sector well into 2022.
Interest in Commercial Property Rises 22%
The interest in commercial property continues to increase, with the latest data from REA suggesting buyers are still honing in on commercial assets all around Australia.
Investors looking at purchasing commercial property have increased by 22% compared to the same time last year, according to REA data.
Record Foreign Investment in Commercial Property
Despite a tough year for many businesses, Australia recorded a record level of foreign investment in commercial property.
According to analysis from CBRE, 2021 saw $16.6 billion in office, retail, industrial and hotel assets changing hands, outstripping the previous record high level of $15.5 billion achieved in 2015.
Knight Frank Sees More Growth Ahead for Industrial Assets
Leading Australian valuer Knight Frank believes the sharp growth we’ve seen in industrial assets is set to continue in 2022.
Industrial assets have seen growth of around 15% over the course of 2021 and Knight Frank believes this is a trend that can continue for years to come.
A Business Loan or Line of Credit?
Business loans and lines of credit are two common ways businesses can borrow the money they need to keep their businesses moving forward.