As we head towards 2026, when the new Western Sydney International (Nancy-Bird Walton) Airport is scheduled for completion, John Henry of Commercial Penrith, says the development of the airport is driving demand for commercial property across the Penrith area. With demand being driven by both investors and owner occupiers, John says, “This significant piece of infrastructure is contributing to historically low vacancy across all asset classes.” Industrial property remains the stand out sector according to John, who says the region is experiencing very low stock available for purchase, and currently only 10 warehouses over 1,000 square metres are available for lease. Retail and office vendors are also experiencing increasing rents and minimal supply. “Only prime grade office space accommodation is challenging to lease due to the premium rent being demanded,” notes John. Penrith Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $350-$450 $200-$220 $500-$550 Vacancy <3% <2% <2% Yields 6% 5.5% 5.5-6% Rates p/m² $6,000-$7,000 $4,200-$4,600 $8,000-$9,000 Current market conditions $760,000 + GST 453 Great Western Highway, Faulconbridge Recent Notable Transactions SOLD $1,847,550 + GST Unit 5, 7 Renshaw Street, Cranebrook SOLD New South Wales | 19 John Henry john.henry@rhc.com.au For more information, contact:
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