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How are the commercial property sectors adapting to the pandemic?
The COVID 19 pandemic has altered the way in which we interact with Real Estate. Worldwide lockdowns and restrictions have exposed vulnerabilities within the traditional model of the Office and Retail subsectors as trends such as work from home (WFH) & e commerce have become widely adopted. The Industrial Multi-family asset classes, on the other hand, continue to be great beneficiaries of these structural tailwinds. Redhill Partners has evaluated and summarised the key macro drivers in various commercial property subsectors in Australia
"...e-commerce will drive the requirement of 350 000 sqm of additional space per annum over the years to come."
"... a buoyant mining sector has been a catalyst in rising business confidence resulting in, more jobs, new leasing deals further vacancy reduction."
"... we are seeing foot traffic bounce back through prime CBD retail spaces..."
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