Commercial properties demand is increasing and supply is limited. Our Commercial Property team have been busily working away the past few months with the increased interest in the commercial sector. We have recently listed 11 industrial units in Smeaton Grange. These units are brand new and range from 200 square metres to 300 square metres. Nine out of eleven of these units sold straight off the plan within a week which truly shows the demand for industrial properties.
Investment grade commercial industrial and retail properties are in high demand! As a result of this we have seen expected yields lower from the traditional 7% to as low as 5-6% return on capital investment. With this, interest rates are also low meaning money is cheap to obtain.
Camden remains a highly in demand area for retail, leasing and office spaces. Gregory hills is a still growing industrial space. Overall we are seeing that there is low supply of industrial land which has seen extraordinary price growth. Our tip of the year is if you have a big block, it’s time to subdivide!