What to Expect in 2026
ADAM LEISHMAN – THE COMMERCIAL GUYS
As we move through January, we are already seeing clear themes emerge across the commercial property market. Activity has resumed quickly after the break, and for many owners, the conversations now happening are aligning more closely with expectations around value, returns, and timing.
Below is a snapshot of what we are seeing on the ground and what it may mean for commercial property owners as we head into the year.
CPI Update and What It Means for Owners
Earlier this month, we shared an article on the changes to how CPI is now being reported by the Australian Bureau of Statistics. CPI is now published monthly, while still retaining quarterly reporting, a shift designed to provide more timely economic data.
For commercial property owners, this is particularly relevant as many lease clauses reference CPI and, in some cases, specifically quarterly CPI. While nothing changes automatically, it is important for owners to understand how their leases are drafted, what data series is referenced, and how future rent reviews may be applied.
This is one of those areas where small wording details matter. If you are unsure how CPI is applied in your lease, or whether your lease wording is still fit for purpose, it is worth reviewing sooner rather than later.
Leasing Market Update
Leasing activity across established stock remains strong. Where properties offer genuine value, realistic pricing, and functional layouts, inquiry levels are high and transactions are flowing.
We are seeing plenty of tenant inquiry in the market. The key is aligning the right tenancy with the right asset and ensuring price expectations reflect current market conditions. When that alignment is there, deals are transacting well.
Brand new industrial stock is still leasing, but it is taking longer in some cases. The challenge is not demand, but the gap between purchase pricing and the rental return owners are seeking. Tenants willing to pay a premium for brand-new space do exist, but that segment is more specific, which naturally extends leasing timeframes.
Established properties, particularly those offering flexibility, location, or sensible pricing, are seeing strong interest and consistent momentum.
Sales and Marketing Enquiries
We are seeing an uplift in property owners reaching out to explore what selling looks like and where their property sits in the current market.
For many owners, market data is now aligning with what they would like to achieve. This has prompted renewed conversations around timing, strategy, and whether now is the right moment to test the market.
While not every enquiry turns into a sale campaign, the level of engagement itself is telling. Owners are more informed, more confident, and more willing to have strategic discussions around value and options.
Final Thoughts
As both commercial property owners and agents, we look at the market from multiple angles. Some assets are about enhancement or repositioning. Others are simply good assets that need to be managed well and held confidently. Timing, strategy, and alignment remain critical.
If you would like to talk through CPI impacts, leasing strategy, or where your property sits in today’s sales market, we are always happy to have that conversation.
