Raine and Horne Commercial

NSW - Macarthur Daniel Krobot of Commercial Macarthur says current average yields are 5% across the commercial market, with minimal change expected for the remainder of 2021. Vacancy rates are around 5% for retail property, 2-3% for office space, and near-zero for industrial property. As Daniel explains, “Buyers are getting reasonable value in the Southwest in comparison to greater Sydney, and we are in a significant growth area.” As evidence of this, Daniel says the Macarthur commercial market overall has experienced very little impact from the pandemic though the industrial market is “the standout”. “A strong market, lack of stock across the board, minimal supply, and huge demand is driving the market higher,” says Daniel. As evidence, ‘The HUB’ 31 Lasso Road Gregory Hills, an 8,500sqm mixed use strata development was sold and leased out prior to the occupation certificate being issued. 13 - Daniel Krobot daniel.krobot@rhc.com.au