New South Wales | 17 Yields in the Parramatta region range from 4.5-5% for industrial and office assets through to an average of 5% for retail space. Duarte Figueira of Commercial Parramatta expects these yields to remain stable through 2022. As a guide to market snippets, Duarte says buyers are actively looking for properties that can be further developed. Retail properties in the area are attracting interest from foreign investors, and all segments of the commercial market in Parramatta are rebounding following the lifting of lockdowns in 2021. The industrial market is particularly hotly contested with a vacancy rate of just 2%. In a major leasing transaction, the team at Commercial Parramatta secured the lease of 28 George Street, Parramatta – a 2,800 square metre space, to the University of New England. Duarte Figueira dfigueira@rhc.com.au Parramatta
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