18 | Insights H1 2025 Luke Smith of Commercial Inner West/South Sydney says the industrial property market in Sydney’s Inner West continues to demonstrate remarkable strength, as evidenced by the recent sale of 6-10 Rich Street, Marrickville, which set a new benchmark for 2024 with a sale value of $24 million. This 3,654 sqm site, boasting dual street frontage and high clearance warehousing, attracted widespread interest from a diverse range of buyers, The sale process, conducted via Expressions of Interest, generated 124 buyer enquiries and multiple offers, with an owneroccupier ultimately securing the property. The sale underscores the ongoing demand for high quality industrial properties in Marrickville, a suburb that has become a hub of activity due to its revitalised amenities and accessibility. More broadly, Luke notes that when small businesses are optimistic about growth, “we see increased demand for industrial and commercial properties as they look to expand or secure strategic locations. In Marrickville, the vibrant local economy and strong business confidence consistently drive competition, pushing both leasing and sales activity to new heights.” Inner West | South Sydney Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $450-$700 $250-$450 $550-$1,000 Vacancy 5% 3% 5% Yields 4-5% 3.5-4.5% 4-50% Rates p/m² $8,500-$12,000 $7,000-$11,000 $8,500-$12,000 Current market conditions $24,000,000 6-10 Rich Street, Marrickville Recent Notable Transactions SOLD SOLD $11,100,000 13 Barclay Street, Marrickville For more information, contact: Nicholas Smith nsmith@rhcss.com.au Luke Smith lsmith@rhcss.com.au
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