New South Wales | 13 Bruce Schell of Commercial Liverpool says the region is continuing to experience consistent activity in the industrial market (both sales and leasing). Yields have remained in the 4-5% range, with continuous enquiry and demand for properties within the environs of Western Sydney International (Nancy-Bird Walton) Airport, due to be operational in 2026. Bruce explains, “There is a steady demand for smaller office suites (sub-150 square metres) in both A and B-grade spaces as population growth heightens activity. In addition, Liverpool Council is continuing excavation on the site of the proposed Civic Plaza development, which on completion will feature a 22-level tower to accommodate a combination of commercial, retail and education spaces, and an 8-level, 84-room hotel. On the retail front, demand has slipped following the ongoing impact of the pandemic. While this has dampened rental expectations, Bruce reports a steady interest to buy properties for redevelopment. “Looking past the present situation, we believe there is an upside for new developments being commenced in the foreseeable future with the capacity to achieve consistent rentals,” says Bruce. Bruce Schell bruce.schell@rhc.com.au Liverpool
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