18 | Insights H1 2026 Brad Wallace of Commercial Newcastle says the regional city’s commercial property market has started 2026 in a stable and evolving position, with varied performance across asset classes. Office space performance is mixed due to new supply, while industrial and logistics assets continue to benefit from strong fundamentals driven by port and freight activity. Major infrastructure projects such as the $115.5 million NSW Government investment to establish a major logistics hub near the Port of Newcastle, alongside more than $650 million in public spending to activate the CBD and waterfront. Projects such as the Newcastle Interchange and expanded light rail are also supporting longer-term economic and commercial property market growth. Brad Wallace brad.wallace@newcastle.rh.com.au Newcastle 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 $250-$350 $150-$250 $350-$550 Vacancy 15-20% 10-15% 10% Yields 6-7% 5.5-6.5% 6-8% Rates p/m² $3,000-$5,000 $3,000-$5,500 $4,000-$5,000 Current market conditions $910,000 270 Maitland Road, Mayfield Recent Notable Transactions SOLD $37,000 Gross 7/5 Edge Street, Boolaroo LEASED
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