Your guide to the Australian commercial property market in 2026
Your guide to the Australian commercial property market in 2026
The Australian Horizon report explores:
Based on our research we give you our Horizon top 7 predictions for 2026.
From gridlock to green light: high economic rents will limit new supply and drive rent growth.
The ‘beds & sheds' narrative has run its course and the outlook for the key sectors is on a much more equal footing.
With sector specific insights our report dives into key property hotspots heading into 2026.
Early cycle window still open, but investors will need to venture beyond the core.
Prime office rental growth will defy high vacancy rates.
Prime vacancy will stabilise quickly as construction falls.
Dominant shopping centres to be the pick of the bunch.
In 2026 co-living best placed to bridge the feasibility gap.
The Horizon Report's expert opinions and analysis come from the perspectives of these leading industry professionals.
BEN BURSTON
Chief Economist, Research & Consulting
JENNELLE WILSON
Partner, Head of Research & Consulting
Queensland
DR TONY MCGOUGH
Partner, Head of Research & Consulting, Victoria
ALISTAIR READ
Senior Economist,
Research & Consulting
Important notice
© Knight Frank Research provides strategic advice, consultancy services and forecasting to a wide range of clients worldwide including developers, investors, funding organisations, corporate institutions and the public sector. All our clients recognise the need for expert independent advice customised to their specific needs. Important Notice © Knight Frank Australia Pty Ltd 2025 – This report is published for general information only and not to be relied upon in any way. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no responsibility or liability whatsoever can be accepted by Knight Frank Australia Pty Ltd for any loss or damage resultant from any use of, reliance on or reference to the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank Australia Pty Ltd in relation to particular properties or projects. Reproduction of this report in whole or in part is not allowed without prior written approval of Knight Frank Australia Pty Ltd to the form and content within which it appears.