As the global economy continues to stabilise, a new survey of 280 real estate agents and property developers suggests that tourism and accommodation has emerged as the sector of the commercial property market with the best short and medium term prospects within Australia.

Overall sentiment among 280 real estate agents, property developers, asset managers and property owners and investors who responded to the June Quarter NAB Quarterly Australian Commercial Property survey is mildly subdued, especially in the office market where a situation of over-supply is expected to persist and vacancy rates are expected…