JLL Perspectives
Ep 6: What's driving the revival of real estate's 'challenged' sectors? - Andrew Ballantyne, head of research - Australia, JLL
Nov 26, 2023
Discussing the revival of challenged real estate sectors post-COVID, including retail, student accommodations, and hotels. Andrew Ballantyne explores rebound drivers and the industry's current lowest investment volumes. Also, delving into the polarizing office sector and the impact of population growth on commercial properties.
22:14
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Quick takeaways
- Retail, hotel, and student accommodation sectors are rebounding with positive signs of recovery post-pandemic.
- Market activities in real estate are influenced by economic conditions, cost of capital, and return expectations.
Deep dives
Recovery Trajectory of Challenged Sectors: Hotels, Retail, and Student Accommodation
The podcast discusses the recovery of sectors like hotels, retail, and student accommodation after facing challenges over the past few years. In the hotel sector, domestic tourism has significantly contributed to the recovery alongside international tourism. Average daily room rates have surpassed pre-pandemic levels, indicating a positive trend. Projections show strong revenue growth in Sydney and Melbourne. Retail sector turnover, influenced by factors like population growth, has shown positive signs, with shopping center owners reporting above-passing market rents.
