Insights H1 2025 | 13 Mark Nicholls of Commercial Canberra says the increase in the stamp duty-free threshold from $1.8 million to $1.9 million for commercial property purchases in the ACT has helped to drive interest from interstate investors as well as local buyers. Enquiry levels remain strong for tenanted assets especially those with long term leases and secure tenant covenants. The industrial market remains driven by a limited supply of standalone sheds and zoned industrial land. A large supply of newly completed strata-titled units in Hume has resulted in a softening of this sub-sector. In the office market, B & C grade walk-up space with no common area end-of-trip facilities struggle to lease, especially if landlords don’t match incentives offered by institution-owned buildings. The construction of Stage 2 of the ACT Light Rail has now commenced. Mark says, “This will deliver a convenient and environmentally-friendly transport option from Canberra CBD to South Canberra, providing improved access to many workplaces, retail centres and education facilities, and further support the ACT’s commercial property market.” Canberra 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-$600 $180-$350 $400-$950 Vacancy 9.5% 2-4% n/a Yields 6-7.5% 5-6.5% 5.5-7% Rates p/m² $4,000-$6,000 $3,000-$4,500 $6,000-$12,000 Current market conditions $5,731,400 8 Yallourn Street, Fyshwick Recent Notable Transactions SOLD $2,900,000 7 Kembla Street, Fyshwick SOLD Mark Nicholls mark.nicholls@canberra.rhc.com.au
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