Welcome | 3 Welcome to Raine & Horne Commercial Insights for Q2 2022. Our latest findings from Raine & Horne Commercial property experts around Australia – and indeed around the world, confirm that commercial property continues to be a robust investment. We are seeing a recovery in both retail and officemarkets, whichweremost impacted by COVID-19. This pick up in demand isn’t just a sign of a healthy property market. It points more broadly to a strong business sector and a rapidly recovering economy. While the growth of online retailing was expected to impact the retail property market, Commercial Insights reveals that many retail spaces are now being purchased or leased for alternative uses by boutique enterprises such as micro breweries and coffee roasters, for example. Office markets are rebounding too as teams make a return to formal workplaces. It’s a trend that should also underpin growth in CBD retail markets. Industrial property continues to surge ahead, driven by demand from owner occupiers and investors, coupled with a significant undersupply of properties available to lease or buy. The result has been a growing number of off market sales and intense buyer competition for properties listed for sale at auction. With few new industrial developments in the pipeline across Australia, the strength of industrial property appears likely to continue for some time. Looking ahead, it is no secret that we are entering a new – and for many Australians – unfamiliar environment of rising interest rates and inflation. In this climate, I fully expect commercial property to become even more sought after as investors seek tangible assets. In recent years we have seen reports of investors losing money to cryptocurrencies, or experiencing the volatility of uncertain sharemarkets. Little wonder then, that commercial property continues to be an attractive investment. In a world of uncertainty, commercial property offers long leases that give investors the benefit of certain rent returns backed by capital growth. And that’s exactly what many investors want in their portfolio. I invite you to read through Commercial Insights Q2 2022 for expert commentary on how the commercial propertymarket is faring in your patch – and beyond. Welcome Angus Raine Executive Chairman Raine & Horne Group
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