The Macarthur region is still experiencing a shortage of industrial property for sale or lease according to Daniel Krobot of Commercial Macarthur however he adds, “We are starting to see a softening in demand”. In the strata office market, buyer demand remains strong in the sub-$1 million sector. Similarly, leasing activity is robust among properties in the sub-$75,000 per annum bracket. “Larger office spaces, those of around 300 square metres or more, are becoming difficult to lease,” adds Daniel. Retail demand is relatively slow across the Macarthur region with the exception being well-located food outlets. “Overall, deals are getting harder to complete,” says Daniel. “Funding is becoming harder to secure, and mum and dad investors have almost completely dropped out of the market.” The $9.35 million sale of 1 Yulong Close, Moorebank reflects the health of the industrial market. The prominently located asset provides excellent main road exposure plus easy access to the M5 Motorway. Situated on over 4,000 square metres of land, the property features two warehouse units plus café with a total building area of 1,961 square metres. Daniel Krobot daniel.krobot@rhc.com.au Macarthur Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $350 $180 $400-$500 Vacancy 15-20% 0% 15% Yields 6% 5-6% 6% Rates p/m² $7,000-$8,500 $4,000-$4,500 $8,000-$10,000 Current market conditions $5,850,000 + GST 50 Douglas Road, Moss Vale Recent Notable Transactions SOLD $9,350,000 1 Yulong Close, Moorebank SOLD New South Wales | 15
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