The WPJ

Melbourne

Asia Pacific Commercial Property Investments Spiked 26 Percent in 2021

According to JLL's newly released Asia Pacific Capital Tracker 4Q21, full year 2021 commercial investment volumes rose 26% year-on-year, led by a surge of activity in Australia and China, and the continued resilience of Japan.

Despite Severe COVID Lockdowns in 2021, Australia Enjoys Record Foreign Commercial Investment

According to CBRE, foreign investment in Australian commercial property has reached a new annual record, despite international border closures, with $16.6 billion in office, retail, industrial and hotel assets having changed hands year to date.

Australia's Office Sublease Market Recovering, Regardless of City Lockdowns

Global property consultant CBRE is reporting this week that office sublease availability across Australia's major cities has fallen to the lowest level in a year, despite prolonged lockdown restrictions in Sydney and Melbourne.

Despite COVID, Australia Hotel Sales Enjoy 5-Year High

According to global property consultant CBRE, Australian hotels sales have surged to almost $2 billion this year - hitting a five-year high and up from just $681 million 2020 - despite a year of lockdowns and ongoing travel restrictions.

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