Empty lots: COVID-19 restrictions have knocked down demand for industry services
The Commercial Real Estate Agents industry facilitates commercial property transactions and leases. The industry's principal markets include office property operators, industrial property operators and retail property operators. Commercial property agents often specialise in a particular market segment. The industry includes high-profile major players that typically deal with larger commercial properties, and numerous smaller, specialised agents that focus on a specific type of property or provide specialist consulting services. In 2017-28, strong demand for office property drove the industry's performance, due to positive business confidence and rising prices for commercial real estate. Low interest rates have reduced the cost of servicing a loan on commercial property, which has supported commercial property sales.
Industry operators primarily act as intermediaries during the sale, purchase or renting of commercial real estate. In addition to representing buyers, commercial real estate brokers may also lease out properties.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CBRE Pty Limited
- LPI (Australia) Holdings Pty Limited
- Colliers International Holdings (Australia) Limited
- Knight Frank Australia Holdings Pty Ltd
Methodology
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