Raine and Horne Commercial

NSW - Central Coast Brad Rogers of Commercial Central Coast says yields currently range from 5-5.5% for industrial space, 5-6% for retail property, and 6% for office property. The industrial market is especially strong with a vacancy rate of less than 5%. “With the exception of sub-lease opportunities and some end of lease properties opening up some new stock, there is not much available in the industrial leasing market,” says Brad. Across the Central Coast, Brad says the market is being driven by “Owner occupiers looking for property – including a number of small business owners looking for their own property with growing confidence off the back of the rising residential market.” The team at Commercial Central Coast recently secured the sale of the design and construct of a new Tyre Power building in North Wyong for $1.9 million. In Lisarow, 1.23 hectares of industrial land was sold prior to auction for $2.65 million. A 623 square metre ground floor office at 1/19-21 Watt Street, Gosford was sold prior to auction for $1.2 million. 12 - Brad Rogers Brad@cc.rhc.com.au