Raine and Horne Commercial

NSW - Central Coast Brad Rogers of Commercial Central Coast says current average yields are around 5-6% for bulky goods facilities, 6-7% for retail properties in strip locations, and around 7% for strata offices. In the industrial property market, yields range from 5.5-6.5% for investments leased up to three years, to just under 5.5% for assets with longer lease terms. In what Brad describes as a “tight market”, vacancy rates are at or below 10% for both retail and office space, dipping to less than 5% for industrial properties. Brad says small retail has been resilient on the Coast, especially in the leasingmarket. However, as we move through the pandemic, he reports an uptick in demand for industrial property both across leasing and sales activity. 10 - Brad Rogers Brad@cc.rhc.com.au