Raine & Horne Commercial

NSW - Leichhardt Michael Montano says the area is seeing yields of 4.0% across both retail and industrial assets rising to 5.0% for office property. These yields are expected to hold steady throughout the remainder of 2020. Industrial property is experiencing low vacancy rates of just 4.0% through this part of the Inner West. This figure rises to 11.0% and 10.0% for retail and office assets respectively. Michael says, “from Annandale to Gladesville, we haven’t seen significant activity this year. The uncertainty of the pandemic is encouraging investors to focus more on assets with strong yields and there is a preference for properties with long term leases in place.” The Inner West market is set to benefit from the Parramatta Road Urban Amenity Improvement Program, a $198 million initiative comprised of 32 different projects to improve open space and active transport links along the Parramatta Road corridor. 16 - Michael Montano michael@powerof4annandale.com.au