Vincent Stevens of Commercial Liverpool says the market in the Liverpool area is extremely active. Vincent reports that the industrial sector remains as strong as ever. “Demand is high from tenants, owner occupiers and investors,” he says. “With very limited stock available we continue to see record rates being achieved across sale and leasing transactions.” Within the Liverpool CBD, the council’s development of the Civic Centre and new council office building has been completed, which Vincent says has “revitalised the southern end of the CBD”. The Western Sydney Airport development continues to create demand within the Liverpool area and surrounding suburbs, and this is seeing rural properties become re-zoned for industrial, commercial, mixed use or residential. “Depending on the location of certain sites, developers are mindful of things such as sewer/ water services, critical road upgrades, active transport links, public open spaces and community infrastructure, which all impact the price and timing of the various developments underway,” notes Vincent. Vincent Stevens vincent.stevens@rhc.com.au Liverpool Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $350-$450 $180-$230 $600-$800 Vacancy >5% <1% 5% Yields 6.5% 5.5% 5% Rates p/m² $5,500-$6,500 $4,500-$5,000 $10,000 Current market conditions $7,100,000 77 Jedda Road, Prestons Recent Notable Transactions SOLD $320,000 p.a. + GST 25 Garner Place, Ingleburn LEASED 14 | New South Wales For more information, contact:
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