As we round out the year, you could say it has been an interesting one!
Trending businesses:
UP: Food & Coffee, Massage/Spa, Hair, Consulting
DOWN: Gym/PT, Education, Clothing, Showroom/Furniture
INNER FRINGE & NORTH: Thor Harrison
[0417 000 040 | thor@netrent.com.au ]
The flood issue has been largely overcome and forgotten in applicable areas. The focus is very much on budget, car parks, and lease term (in that order) – rarely stacked favourably for an owners!
OFFICE/RETAIL – The general office rate is now $300-$350/sqm gross in the fringe.
Retail being anywhere up from that to $500/sqm. Bargains that are below those levels are still around, and not being taken up.
INDUSTRIAL – Inner fringe warehouses are rare and do not last. This is on a sale/lease basis particularly on the smaller end where fiance is easier to obtain.
In summary; where the next offer comes from and what is going to be sold/leased is hard to predict!
SOUTH & EASTSIDE: Revon King
[0417 723 757 | revon@netrent.com.au ]
Leasing enquiry has stepped up in the leadup to Xmas. This is particularly true in the small end of the market with a high level of enquiry for office in the 100-150sqm and warehouses in the 200sqm range.
It is projected that demand will remain strong with the recent drop in interest rates.
OFFICE/RETAIL – There is a shortage of quality small office spaces and this has meant that rentals are strong at $350 to 375/sqm.
Whilst the retail industry has gone through a tough period there is still enquiry for retail shops in the inner city hot spots such as West End
INDUSTRIAL – Demand is strong in the traditional industrial areas and rental in the order of $125 to $150 for strata industrial units.
WEST & SOUTHWEST CORRIDOR: James Haining
[0466 364 284 | james@netrent.com.au ]
Even though it is late in the year, there is still some activity through the inner western suburbs.
Enquiry remains steady, mainly focusing on next year, with a lot of small businesses finding
December the only time of year to do research on new premises.
Market research and statistics show it will be a while before property sector has another
stellar era, but the feel I am getting is that 2012 is going to be a much better year. 2011 started
horrendously with the floods, which sent a tremor of fear through the industry, even with areas that were not affected. It is a year on now, and although the affects are still there, confidence is coming back.
