Raine and Horne Commercial

NSW - Parramatta Duarte Figueira of Commercial Parramatta says commercial property across the board is generating yields in the order of 4%. This yield is expected to hold stable for industrial assets, and likely to fall for retail and office space. Vacancy rates for industrial property remain tight at about 3%. The office market is experiencing vacancies in the order of 10%, rising to 20% for retail space. According to Duarte, the market is being driven by low interest rates. He notes that investment yields “remain high across all investment classes, and industrial property continues to break records”. While retail assets are feeling the impact of lockdowns, Duarte believes the office market will bounce back. The team at Commercial Parramatta recently completed the sale of a bulky goods showroom at 126 Parramatta Road, Auburn for $11.2 million. The property features storage areas, warehouse space and ancillary offices plus truck loading. 17 - Duarte Figueira dfigueira@rhc.com.au