Commercial Property Management in Australia - Industry Market Research Report

Commercial Property Management in Australia - Industry Market Research Report
Commercial Property Management in Australia

Operators in the Commercial Property Management industry are responsible for managing their clients' commercial real estate holdings. Their duties include tenant management and rent collection. Industry operators have faced difficult trading conditions over the past five years. Declines in demand from key downstream markets have constrained industry performance over the period. Working from home mandates and sporadic lockdown measures introduced across the country to curb the spread of COVID-19 have reduced demand from office and retail property operators. However, increases in the number of businesses over the past five years have benefited operators via an expanded customer base. Overall, industry revenue is expected to decline at an annualised 3.3% over the five years through 2023-24, to $1.6 billion.

Industry firms manage commercial real estate on behalf of their clients. Property management responsibilities include tenant management and rent collection. Firms may also help manage a property’s accounting. Operations relating to property transactions or real estate investments are not included in the industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.