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Canada and Australia An '08 Bright Spot

Industrial might have lagged behind the office sector in both countries, but each property types posted growth.

By John McCloud | Updated on March 04, 2009

Industrial real estate investments lagged behind the office sector last year in both Canada and Australia, according to new reports from IPD (Investment Property Databank), an international company that provides performance analysis for real estate owners, investors, managers and occupiers. Nonetheless, both sectors continued to show positive returns.

In Canada, IPD says industrial properties showed returns of 2.3% compared to 7.6% for offices and 6.4% for residential. Retail, on the other hand, trailed all categories with a loss of 0.1%. In Australia, industrial returns stood at 2% compared to 2.7% for offices and 0.7% for retail. Residential properties were not included in the Australian study.

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