[+] Canary in the Coal Mine: Commercial Sector Downshifts

The commercial sector is off the boil.

Deal volumes are down 24 per cent year-on-year in Australia as the market normalises, and even the firing industrial sector is cooling.

While Sydney’s office market has remained resilient despite the pandemic, MSCI data points to a softening as yields expand for the first time since the global financial crisis in 2008, outside of a small move in 2020.