Has the office sector hit its price floor? REITs, leading cycle indicators, and wealth building opportunities in commercial real estate

We put a lot of emphasis on the residential market when analysing the land cycle. However, few are aware that historically, the commercial real estate booms and busts have had a far more significant impact on Australia’s economy. The commercial real estate downturn in the 1990s for example, was a major event. Despite the recession being officially over in 1991, the crisis for the commercial market peaked in the mid-1990s — with commercial median property values falling over 5