Green Street Launches Australian Private Market Data for Office, Industrial and Retail Real Estate
SYDNEY — Green Street on Oct. 29 launched its Australian Private Market Research and Data offering, extending its coverage of office real estate, industrial real estate and retail real estate to B/B+ quality grade assets in five Australian markets: Adelaide, Brisbane, Melbourne, Perth and Sydney.
The firm described the new product as an expansion of its regional presence. Green Street introduced its Australian public market research and REIT data in October 2025, and Green Street News coverage of Australia is also available to subscribers. The firm said the combined resources are intended to give investors, lenders and advisers an independent view of Australian real estate, from listed REIT pricing to private market values and transactions.
What the Green Street Australian Private Market Offering Includes
According to the firm, the new offering comprises:
- Three deep dive sector outlook reports covering macro trends, operating fundamentals and key valuation insights.
- Market grades for industrial, office and retail, down to submarket and postal level.
- Full forecasting models with two decades of history, spanning effective rent, commercial property price and net initial yield indexes, as well as M-RevPAM and NOI growth.
- Long-term growth rates underpinned by a statistically back-tested market grading framework.
- Real-time sales comparables, verified by analysts, showing price, location and size, plus buyer, seller and broker details.
- IRRs and net initial yields intended to allow comparisons across Australia and globally.
- Delivery in-platform, via Excel Add-In, API, Snowflake or MCP Server Connection.
Executive Comments
"Australia is one of the most sophisticated commercial real estate markets, but understanding opportunity requires more than REIT-level insights. By bringing robust private market evidence alongside public market intelligence, investors can assess historical performance, recent transactions and look-forward expected returns with greater clarity and confidence," said Peter Papadakos, Head of Research for Europe and APAC at Green Street.
"Our global strategy is built on giving investors a consistent, comparable view of commercial real estate markets. Bringing Australia onto this analytical framework enables clients to evaluate opportunities and risks across markets with greater confidence and make more informed capital allocation decisions," said Cedrik Lachance, EVP, Director of Research at Green Street.
Market Backdrop: Liquidity Returns, but Performance Varies
The launch comes as Australian commercial property transactions have recovered in the first half of 2026 after several subdued years. Higher interest rates continue to raise borrowing costs, restrain buyer demand and pressure yields.
Conditions differ significantly by sector. The following figures illustrate the dispersion across the three sectors Green Street now covers.
Office Real Estate
CBD office vacancy exceeded 10% in every capital city in July 2026, with Melbourne at 18.9% and Adelaide at 16.3%. Sydney, Brisbane and Perth recorded declines in vacancy during the first half of the year. National CBD office vacancy reached 14.8% in January 2026, the highest level in more than 30 years, with Melbourne at 19.0% and Sydney at 13.8%.
Sydney CBD had recorded 11 consecutive quarters of positive net absorption by late 2026. Gross office yields were at or below 5.5% in most capital cities, with Brisbane the exception at 6.6%. NAB's first-quarter 2026 survey showed office vacancy expectations improving to 10.5% over the next year and 9.4% over two years.
Industrial Real Estate
Industrial vacancy rose to 3.8% in the first quarter of 2026 from 3.3%, but remained low by historical standards, ranging from 1.7% in Western Australia to 4.4% in Queensland. Industrial yields compressed in every capital city over the year to September: Perth fell 45 basis points to 4.4%, Adelaide declined 36 basis points to 4.4%, and Brisbane fell 29 basis points to 4.8%. NAB's survey expected industrial vacancy to loosen slightly, to 4.1% and 4.0% over the next one and two years.
Retail Real Estate
Retail vacancy was 6.2% in the first quarter, slightly above its long-run average of 5.9%, with expectations for a modest improvement to 6.0% over two years. Retail yields compressed during the June quarter, particularly in Brisbane, Adelaide and Melbourne, but remained higher than office and industrial yields in every capital city. Neighbourhood, super-regional and major regional centres are expected to be best positioned for turnover growth.
Supply Outlook and Underwriting Considerations
Cushman & Wakefield expects a sharp slowdown in office supply, stronger effective rental growth through 2026–28 and constrained industrial development pipelines. CBRE forecasts 2026 Australian CBD net-effective-rent growth of 3.3%, supported by limited new supply, with no new Sydney completions in three of the next five years.
Green Street's initial Australian public-market launch covered retail and data-centre REITs, with expansion into industrial, office, self-storage, diversified sectors and the full private-market suite planned during 2026. The Oct. 29 release adds private-market research for three sectors and five metropolitan markets.
Implications for Real Estate Acquisition Analysis
With transaction activity returning, the combination of analyst-verified sales comparables and forward-looking forecasts is intended to help market participants evaluate real estate acquisition pricing against market-wide trends, quality grade and location. Green Street said the offering is designed to provide a consistent, comparable framework that places Australia alongside the other regions the firm covers.
Green Street said its integrated platform serves more than 4,000 companies across North America, Europe, Australia and Asia. Learn more about the Australian offering or request a demo at au.greenstreet.com.
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