Australian Commercial Property Market Surges, IMF Warns of Global Crisis

The Australian commercial property market is projected to reach USD 47.15 billion by 2028, driven by urbanization and flexible working environments. Meanwhile, the IMF raises concerns about the global commercial real estate market, particularly in the US, where prices have tumbled by 11%. Plus, commercial mortgage lending is expected to jump 29% in 2024 after a slow year. Stay informed about the opportunities and risks in the commercial property market with 'Simply'.

Sources:
https://www.globenewswire.com/news-release/2024/01/24/2814685/28124/en/Australian-Commercial-Property-Market-Forecasted-Growth-to-USD-47-15-Billion-by-202.html
https://www.wsws.org/en/articles/2024/01/24/ntym-j24.html
https://www.wsws.org/en/articles/2024/01/24/ntym-j24.html
https://www.businessinsider.com/commercial-real-estate-mortgage-lending-borrowing-slowdown-default-delinquency-property-2024-1