Raine and Horne Commercial

27 | INSIGHTS SPRING 2018 NSW | Sutherland Shire Anthony Bouteris, Co-Principal at Commercial Sutherland Shire says, “Vacancies on industrial assets are at an all-time low.” “Industrial stock is at a premium for both leasing and selling”. He points to the region’s thriving small business sector, adding, “The Southern Shire is one of the most enriched small business regions in New South Wales.” Caringbah and Taren Point remain the most sought-after precincts, and small to medium businesses, mostly manufacturers, are leading the drive for leasing, chiefly looking at industrial properties of 100-500 square metres. Anthony has also observed a significant spike in interest for office space especially among medicos in the Miranda area. The buoyancy of the market in the Sutherland Shire is such that vacancy rates are at record lows of around 5.0%. Anthony says, “In 15 years in this area, I’ve never seen vacancy rates as tight as they are at present.” Sutherland Shire “ In 15 years in this area, I’ve never seen vacancy rates as tight as they are at present. ”