Following the positive response to the sixth edition of the yearly PNG Residential Real Estate Survey, Hausples is delighted to share with you the results of the 2022 PNG Commercial Real Estate Survey, the first of its kind.
The survey provides valuable insights into PNG's commercial property market, focusing on both commercial property owners (who are usually also business owners) and on commercial property seekers. The objective is to define the current business landscape in PNG along with the demand and preferences for commercial properties.
The first part of the survey includes responses from individuals that own or rent a commercial space to run their business, focusing specifically on commercial offices, retail, industrial, and hospitality spaces. This provides invaluable information about COVID-19’s impact on businesses, the introduction of work from home (WFH) policies, past and projected sales, staffing, and the digitisation of operations.
The second part of the survey addresses the current sentiment of commercial property seekers, showcasing demand and supply distribution by property type and suburb in PNG. It also provides time frames for buying or renting and general preferences in the market.
The 2022 Commercial Real Estate Survey is the first of its kind and will be followed by the 2023 Commercial Real Estate Survey which will provide a comparative analysis from this year. Any interested company or advertiser is encouraged to contact Hausples as soon as possible to secure advertising space.
Hausples thanks everyone who took the time to complete the survey, and the sponsors who have made this publication possible. We hope that the findings will greatly benefit both the private and public sectors.