Australia’s commercial property market is entering a phase of increasing divergence, with retail outperforming, industrial stabilising on structural demand, and office continuing to adjust to hybrid work and AI‑driven change.
Easing uncertainty, as captured by the KPMG Commercial Property Uncertainty Index, has helped stabilise returns. However, elevated interest rates and weaker economic growth are expected to weigh on demand, valuations and investor sentiment.
Looking ahead, performance will be defined by the interaction between these structural shifts and macroeconomic headwinds.
Key insights into Australia's commercial property market
Download the report
KPMG’s forecast of the complex commercial property market, highlighting current dynamics across different cities globally.
Why KPMG
KPMG’s team of specialist economists analyse the commercial property market, providing historic and forecast figures.
If KPMG can help your business in any way navigate the current business environment and plan for any future developments that are facing the economic climate, please contact us.
Contact us
- Brendan Rynne
- Jessica
- Brian
