Raine & Horne Commercial

NSW - Bondi Junction Michael Buium says that in Sydney’s Eastern Suburbs market, industrial assets are the star performer. He explains, “yields on industrial assets are around 4.0%, and this could strengthen as stock levels are low and industrial businesses have remained strong. In the office market, yields are in the order of 6.0%, compared to 5.0% for retail property. Michael adds, “at this stage we have not seen a huge increase in vacancies on retail stock – mainly owing to JobKeeper support. But it will be interesting to see how the retail market is impacted when this stimulus ends in March 2021.” Recent leasing results across Sydney’s East include 266 Mitchell Road Alexandria – a 272 square metre office/showroom/ warehouse, which was tenanted for $90,000 per annum plus GST. A brand new retail premises at 1 Sir Thomas Mitchell Road Bondi Beach, comprising 101 square metres, was leased for $85,000 per annum plus GST. 13 - Michael Buium michael.buium@rhc.com.au