Slow business: The effects of COVID-19 have constrained industry revenue growth
Players in the Commercial Property Operators industry have contended with volatile trading conditions over the past five years. For most of the period, favourable conditions boosted demand for commercial property and industry services. Due to declining commercial and industrial building construction over the period, tenant demand exceeded property supply, driving up commercial property rents. As operators' fees are often determined as a proportion of rent, industry revenue has grown. However, the COVID-19 outbreak weighed on industry performance, with lockdowns and subdued economic activity adversely affecting commercial property operators. Overall, industry revenue is expected to rise at an annualised 2.4% over the five years through 2022-23, to $27.9 billion.
Industry operators primarily rent or lease non-residential property, including offices, retail space, and industrial properties, such as warehouses.
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 key players and their market shares.
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