Monday April 19, 2010

Upswing forecast for Brisbane commercial property market

The post-GFC downturn in the Brisbane office market has caused much pain and heartache in the property industry, but the sharp falls in rents and prices are setting up the market for a classic upswing, according to leading industry analyst and economic forecaster BIS Shrapnel.

BIS Shrapnel’s Brisbane Commercial Property Prospects, 2010 – 2020 report forecasts the recovery will deliver solid investment returns over the remainder of the decade, after overcoming short-term weakness.

Contact: Christian Schilling