PHOTO: SUPPLIED – Property guru Olly Newland says the commercial and industrial property market is going strong but buyers are not being reckless.
Office, retail and industrial property sales are booming and heading for another record of more than $10 billion a year – but how long can it last?
Real estate firm Colliers International said in its November 2018 Research Report that 2018 was on track for record high sales and could top 2015’s record of $10.5b, a nose ahead of $10.4b in 2014.
If 2018 hits more than $10b, it will be the fifth year of sales near or more than that.
Up until the end of September $6.1b of sales had been confirmed, but research & communications director at Colliers Chris Dibble said several others sales in the nine months were to be confirmed.
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