New South Wales | 11 Brad Rogers of Commercial Central Coast says yields are currently 4.75-5.5% for industrial property, rising to 5-6% for retail space and 5-5.75% for office property. Both the retail and industrial property markets are seeing vacancies below 5%, however this rises to between 10% and 15% for office property. According to Brad, a low supply of land on the Central Coast – and more affordable prices than Sydney, is driving the market. As a guide to the strength of the market, the team at Commercial Central Coast settled 29 deals in the first quarter of 2022 alone. An 8-unit industrial complex in Berkeley Vale has been sold off the plan, with units ranging in size from 189-225 square metres. A 14-unit complex in Tuggerah sold out prior to construction commencing. Brad Rogers brad@cc.rhc.com.au Central Coast
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