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Office, retail investment sinks in 2020 as pandemic hobbles demand
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The volume of commercial real estate deals during the global pandemic was cut in half as investors were locked down and unwilling to unleash cash into the hard-hit office and retail sectors.
In the inaugural
Australia Capital Trends report from Real Capital Analytics, it shows transactions tumbled to the lowest levels of activity in eight years as the pandemic threw up hurdles to transacting deals.
The coronavirus has hit office rents hard and deterred overseas investors.
Office, retail investment sinks in 2020 as pandemic hobbles demand theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.