Scott O'Neill

If the demand outstrips the supply, you'll see extra capital growth.

And right now, the demand for commercial property, mostly because of its superior cash flow, it's through the roof.

There's a lot of non-traditional commercial investors now coming to this side.

And that might be from overseas, might be from residential, even people that normally invest in stocks.

I see a lot of them are

are coming this way.

Even business owners that are cashing out or redistributing profits into commercial property.

There's just a suede of new buyers out there and not many people are selling good assets.

And that means there's a lot of people fighting over a small asset pool to purchase.

And that's why we send these quick growth rates.

Now, there's exceptions to this rule as well.

Obviously, there's different asset classes in commercial which perform differently depending on the economy at the time.

We all know COVID has pushed people out of offices.

That's meant that we've seen less rental growth in office space, particularly CBD high-rise office, which is more of a cookie cutter, you know, bland type asset.

You know, it's almost like a homogenous type property.

It's a floor plate.

It's just square meter base.

Some properties I've used, some don't.

Like there's just not a large variation.

It's not a unique property.