Spotlight on 2026: Where Will $50bn+ Flow?
Industrial, living and retail lead as global capital accelerates.
Australia’s commercial real estate market is entering a new cycle of growth, selectivity, and opportunity. Across all sectors, a bull-market mindset is emerging, driven by rising confidence, stabilising interest rate expectations, and a decisive shift from caution to conviction.
Our Australian Spotlight on 2026 report explores the themes, bold predictions, and capital market dynamics shaping the year ahead.
Highlights include:
- Redemptions will reopen the market: Liquidity events in 2026-27 will prompt selective asset sales and portfolio rebalancing by major unlisted funds.
- Prime assets dominate: Competitive bidding will intensify for prime assets, while secondary assets face pressure to reposition or upgrade.
- ESG becomes mandatory: Climate disclosure, electrification, and energy efficiency are becoming mandatory, with capital favouring ESG-ready assets.
- Listed leads, unlisted follows: Listed market rallies signal unlisted valuations are set to catch up, led by industrial and prime retail, with select offices following as yield compression broadens.