36 | Insights H1 2025 Craig Tait of Commercial Wagga Wagga says the commercial market is holding strong and being supported by major local infrastructure projects. The Riverina Intermodal Freight and Logistics Hub, for instance, will provide large lot industrial land for manufacturing and logistics businesses. The Energy Connect project is set to generate 1,500 jobs across regional NSW – and Wagga Wagga is central to the project’s completion. The Department of Defence Riverina Redevelopment Program will provide $1 billion worth of new or upgraded facilities across the region over the next five years. Craig believes Wagga Wagga is set to benefit immensely from these projects. “We anticipate a major positive impact on the commercial market in Wagga Wagga,” says Craig. “Already we’ve seen a huge increase in demand for industrial stock, and this is likely to spread to retail and office assets as the projects ramp up.” According to Craig, confidence is still high in the Wagga market, and sales of commercial assets are well supported by the lack of available stock currently listed. Craig Tait craig.tait@wagga.rh.com.au Wagga Wagga Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $250-$450 $90-$160 $300-$550 Vacancy 10% 3% 5% Yields 6.5-7.5% 6.5-7.5% 6-7% Rates p/m² $250-$450 $90-$160 $300-$550 Current market conditions $10,300,000 39 Dobney Avenue, Wagga Wagga Recent Notable Transactions SOLD $85,000 p.a. + GST 34 Schiller Street, Wagga Wagga LEASED For more information, contact:
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