The Office Property Operators industry continues to be indirectly affected by the global financial crisis in 2012-13, yet a recovery in the market is underway. The office market experienced a growth in tenant demand during 2010-11, which stabilised vacancy rates and rental values. However, conditions slowed moderately in 2011-12. An increase in investor activity, both domestic and from abroad, has strengthened asset values and firmed property yields over the year. This modest recent growth in revenue follows two years of serious decline for the industry during 2007-08 and 2008-09, by 20.6% and 7.5% respectively.
This industry consists of operators who develop and lease office property.
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.