Raine and Horne Commercial

NSW - Bondi Junction Michael Buium of Commercial Bondi Junction says a shortage of quality stock is the overriding theme for Sydney’s Eastern Suburbs commercial property markets. “On the other side of the ledger enquiries are up, so for owners considering a sale, now is a great time to make a move.” On the investment front, retail property in the city’s East is generating yields of sub 5%, industrial assets 4% and office space is 5-6%. Properties that are available for lease are also scarce. “In the wake of the latest long COVID-19 lockdown in Sydney, I was expecting more for lease signs, but we haven’t seen it.” Looking ahead to 2022, Michael believes commercial markets will be impacted if there are more COVID-19 lockdowns. “If there are no more shutdowns and interest rates remain at current levels, I expect leasing and buying activity to boom.” 11 - Michael Buium michael.buium@rhc.com.au