Australia’s commercial property market makes U-turn, optimism on long-term demand

With commercial property in the retail and industrial sectors are now recording positive returns, and returns from the office sector bottoming out, there’s an optimistic outlook for Australia’s commercial property market despite recent global economic developments.

The latest KPMG Commercial Property Market Update shows that the downturn in the Australian commercial property market has appeared to have made a U-turn, with two out of three key sectors now recording positive returns. According to the report, the office sector returns remain negative but has appeared to have bottomed out, as such KPMG maintains a degree of optimism about the long-term demand for commercial property. The KPMG Commercial Property Uncertainty Index has fallen for all indivi...

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Authors: Jessica Davis, Brendan Rynne

Published Date: 10 July 2025