Sydney and Melbourne's home property markets might be coming off the boil, but commercial real estate is tipped to boom in those cities for at least another year.
Results from an Australian Property Institute's survey show Sydney and Melbourne's commercial property markets hit their peak by 2017.
"I think there is still an upswing to go in the commercial market," API's NSW president George Vallas told AAP on Tuesday.
"The view is that there's still a bit of growth into the rental rate and that will drive increased value."
The residential market on the other hand is showing signs of a slow down, with house price growth easing and auction clearance rates falling.
Some economists and analysts are saying Australia's housing price boom has hit its peak, which is making investors tread with caution.
"That caution hasn't pushed into the commercial market, and that's because there's still rental growth expected," Mr Vallas said.
The survey, which asks valuers, funds managers, property analysts and property financiers about their expectations for the commercial real estate market, found most believed that rents will rise in the next year in Sydney and Melbourne.
Director of special projects at commercial real estate agency TGC, Eric Lundberg, says low vacancy factors, higher rents and the fact that business is on a general upswing is promising for the commercial market.
"It's a much higher yield, it's much easier to manage, it's usually a long term, stable investment, and there's not the detail involved of multiple residential properties," he told AAP.