32 | Insights H1 2025 Geoff Tilden of Commercial Central Coast says demand is strong for smaller office spaces of around 50 sqm as home-based businesses relocate to bigger spaces. He notes, “This market is continuing to grow especially for high quality assets.” In the industrial market, Geoff says sales and leasing activity is especially robust in the West Gosford area. Raine & Horne Commercial Central Coast recently sold 354 Manns Road, West Gosford for a record rate per square metre of $648 plus GST. According to Geoff, the sale reflects buyers’ willingness to pay above-market rates for high quality properties. In the leasing market, a hotly contested industrial property at 258 Manns Road, West Gosford, was leased for $90,000 per annum net. The retail market across the Central Coast is still quiet though Geoff notes that quality investment properties continue to achieve strong results. As a guide, the sale of 45 Brisbane Waters Drive, Gosford, which sold at auction on a yield of 5.5%, suggests that demand is rising away from the Gosford CBD. The completion of a number of new apartment developments in Gosford is likely to stimulate demand for retail space in the area. Geoff Tilden geoff.tilden@gosford.rh.com.au Central Coast 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 $200-$600 $150-$350 $300-$400 Vacancy 8-10% 10% 15% + Yields 5-6% 6-7% 6-7% Rates p/m² $4,000-$6,000 $4,000-$5,000 $4,000-$6,000 Current market conditions $90,000 p.a. + Net 258 Manns Road, West Gosford Recent Notable Transactions LEASED $3,100,000 354 Manns Road, West Gosford SOLD
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