In a survey conducted in the third quarter of 2024 about commercial property in Australia, the participants expected the retail rents to decrease by 2.2 percent in the state of Victoria in the next twelve months. In Western Australia, an increase in rents was expected in the retail space.
Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory
property professionals surveyed included real estate agents/managers, property developers, asset/fund managers, and owners/investors
Supplementary notes
*Results for SA/NT may be biased due to a smaller sample size.
Participants were asked how they view gross rents in each commercial property market sector in the following time frame: annual growth in the next 12 months.
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NAB (Australia). (November 1, 2024). Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/
NAB (Australia). "Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory." Chart. November 1, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/
NAB (Australia). (2024). Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/
NAB (Australia). "Expectations of Retail Rents in The next 12 Months in Australia in Q3 2024, by State or Territory." Statista, Statista Inc., 1 Nov 2024, https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/
NAB (Australia), Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory Statista, https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/ (last visited November 18, 2024)
Expectations of retail rents in the next 12 months in Australia in Q3 2024, by state or territory [Graph], NAB (Australia), November 1, 2024. [Online]. Available: https://www.statista.com/statistics/1120526/australia-expectations-of-retail-rents-in-next-12-months-by-state/
