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As with residential real estate, the commercial property sector has faced several challenges and headwinds during the year, with these 10 stories piquing REB readers’ interests most during 2022.
An “exciting move” that united two commercial agents in the NSW capital. The pair claim their offering would be “deliberately different from the incumbents”.
One member of the dynamic duo stated: “We’re bringing the love into managing large assets, love what we do, love serving our clients, love going the extra mile and giving the assets and clients the time they deserve”.
A family history dating back nearly 70 years to Parramatta in Sydney’s west, Jeff Moxham — former principal at Ray White Commercial – Metropolitan Sydney — revealed to REB Commercial in February that he was starting his own business.
A major global property player expanded its footprint in July by enveloping a prominent inner west office viewed as “highly complementary on a Sydney front helping consolidate our existing operation as we look to expand our agency offering overseas and interstate under our new unique commercial agency model”, a company representative said.
Back in January, reports emerged that Western Australia’s commercial real estate sector highlighted the state’s resilience to market turbulence caused by COVID-19, with nearly $2 billion invested in the state’s sector over a 10-month period.
Another January story, this one highlighted the presence and impact of foreign investors in Australia’s commercial property sector spread across a variety of asset types, including logistics and offices.
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