Insights H1 2026 | 23 Lisa O’Neill of Commercial Southern Highlands, says, “The Southern Highlands commercial market is currently seeing stronger sales activity in retail and office space compared to units and warehouse stock, with a high volume of industrial listings available. “Retail leasing conditions remain subdued, while hospitality and food premises are experiencing slower sales and leasing demand.” By contrast, industrial warehouse rentals continue to perform well across the region, with strong tenant demand for both smaller formats and larger spaces of 400 square metres and above. Lisa notes, “The current challenge lies in a mismatch between supply and demand. The majority of available warehouse stock falls within the 100–200 square metre range, creating a surplus, while demand increasingly shifts toward larger-scale facilities.” Lisa O’Neill lisa.oneill@sh.rh.com.au Southern Highlands Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $300-350 $220- $350 $600 - $700 Vacancy Low Steady High Yields 6.0% 6.0% 7.0% Rates p/m² $500 - $600 $5,000 -$8,000 $600 - $1,000 Current market conditions $2,000,000 + GST 378 Argyle Street, Moss Vale Recent Notable Transactions SOLD $1,075,000 1 Princes Street, Mittagong SOLD For more information, contact:
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