In the 2023 Spotlight report, Savills Research looks at the key occupier and capital market impacts and trends for Australia and New Zealand’s commercial real estate markets. 

Will central banks pivot and cut interest rates in 2023 and how will Australia’s relatively strong growth outlook and competitive exchange rate impact investors? What are the downstream impacts and what sectors will benefit from long-term structural tailwinds? 

In this edition, Savills provides some insights on what these impacts mean for commercial property and identifies key trends to play out over the coming 12 months and beyond. This includes a rebound in investment activity as the interest rate outlook becomes clearer, a renewed flight to quality in leasing and investment markets as economic growth slows, and a greater investor focus on property sectors with long-term structural tailwinds that are less correlated with the economic cycle such as data centres, healthcare, student accommodation, and build-to-rent. 

View the latest Australian commercial real estate markets spotlight on 2023 here.