Commercial real estate agents facilitate the sale of commercial property in Australia. Over the past five years, the industry has struggled to rebound from the global financial crisis, which caused high levels of revenue volatility and several years of significant revenue declines. These circumstances arose as business sentiment dropped and lending standards escalated, causing investors to move away from commercial property to invest in lower risk ventures. During this period, commercial property sales volumes also fell, as property or premises upgrades became a secondary priority for struggling businesses.
Companies in this industry act as intermediaries during the sale, purchase or rental of commercial real estate. In addition to buyer representation, commercial real estate brokers may also lease out properties.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.