Commercial Real Estate Forecast Strong for Second Quarter
The second quarter of 2014 is expected to be “extremely active” for commercial real estate, according to an April 2 report from CBRE.
“The current level of buyer enquiry and the pipeline of property that is either in due diligence or being marketed at present suggest that sales volumes in Q2 will be extremely strong,” said CBRE Regional Director of Capital Markets Josh Cullen.
“The enquiries we’re receiving have been equal to, if not higher, than they were in the first quarter of last year.”
With Darwin being one of those capital markets, now may be the ideal time to consider Darwin commercial property investment.
The forecast rise in activity is due in part to offshore capital heading toward Australia, according to CBRE Senior Managing Director for International Investment Richard Butler. This should come as no surprise, as Australia’s current interest rate environment makes it an attractive spot for investment both domestically and from overseas.
Meanwhile, the industrial market was spotlighted as one area of commercial investment set to see a significant boost in the second quarter. In fact, Q2 industrial sales figures could surpass $1 billion – more than double the sales seen during the first three months of 2014, according to CBRE.