Raine and Horne Commercial

NSW - Sutherland Shire Anthony Bouteris of Commercial Sutherland Shire says yields in the area range from 3-4.5% for industrial property, 4-5% for retail space and 4.5-5.5% for office property. He notes that key drivers of the local market include owner occupiers, with small to medium sized businesses driving the industrial property market to record rates per square metre. According to Anthony, “The industrial market is by far the strongest I have ever seen. Owner occupiers are really fuelling demand in my area due to its close proximity to Port Botany and Sydney Airport.” As a guide to the strength of the Sutherland Shire market, the team at Commercial Sutherland Shire recently secured the sale of a 200 square metre industrial warehouse at Taren Point for $5,200 per square metre. Despite the property being part of a 30-year-old complex, the sale was secured in just one day, with only one inspection. 20 - Anthony Bouteris anthony@rhmiranda.com.au