What the commercial market is actually doing.
Independent research on Australian commercial property, measured from primary data rather than asserted. Every live listing, every document in the deal room, every institutional report, read on the same day and published with its method and limitations.
Latest report
16 September 2026What the market was actually selling
We read every opportunity signal across 1,539 live commercial listings. The advertised market is overwhelmingly buy-and-hold income. Rental reversion and under-rented stock together account for 2.2% of the book, and confirmed strata opportunities for 1.9%.
More research
2 reportsFifty information memoranda. Not one was ready to buy.
We read 50 commercial information memoranda and every supplied document against a fixed doctrine: 866 findings, 91 critical, and 76% of the criticals were missing documents.
The two books: what Australia’s advertised commercial market can and cannot tell you
We read 1,536 live commercial campaigns and 59 institutional reports on the same day. Only 1.24% of campaigns publish both a price and an income.
About the research
Zapii Research is written by Josh Deckart, founder of Zapii and property economist. He built Australia's largest property sourcing business for buyer's agents, has been involved in over $1.3 billion of property transactions, and built Zapiio, the portfolio advisory software used by 828+ property professionals. Each report states what was read, when, and what it cannot tell you.