Commercial Sale Activity in the Sydney CBD Declines

The Sydney CBD Cityscope region encompasses areas around Darling Harbour from Barangaroo and Circular Quay, down to Regent Street in Ultimo. Sales activity was notably subdued in the May 2017 quarter, particularly in the office buildings and commercial units. The exception was in the retail unit segment.

The year to May 2017 saw a significant decline in the value of commercial property sold, while the volume of transactions remained fairly consistent, dropping just 6% over the year.

The…