Australian Retail property market outlook 2023

According to Vanessa Rader, Head of research, Ray White Commercial, the issue of “work from home” and the death of CBDs have dominated the headlines over the past few months.

According to Vanessa Rader, Head of research, Ray White Commercial, with Australia’s population increasing by close to 500,000 in 2022, housing supply has been a burning issue across the country given price rises and rental vacancies plummeting.

According to Vanessa Rader, Head of research, Ray White Commercial, we have seen some changes in the way in which investors look towards commercial property investment.

According to Vanessa Rader, Head of research, Ray White Commercial, buyers in the current market have reverted back to the long term fundamentals of location, which is expected to continue over the next year, keeping east coast markets the major contributor to sales activity.

According to Vanessa Rader, Head of research, Ray White Commercial, while office occupancy is expected to improve, growing parking demand once again, there are many cities that continue to deter vehicle transport across CBDs. So what is the future for car parking?