Raine & Horne Commercial

24 NSW - SouthernHighlands To Sydney’s south, Matthew Anstee of Commercial Southern Highlands says yields are around 5.0-6.0% for retail property, rising to 7.0% for industrial and office assets. The local market has proven resilient during the pandemic. Vacancy rates across the retail sector are sitting at 12.0-15.0%, and while retail in Bowral was initially under pressure from online sales, a number of professional services firms are opting for shop fronts, which is boosting demand for retail assets. In addition, multinational retailers such as Just Jeans are driving up demand for retail space. The office market has a vacancy rate of just 8.0%, as professional firms from Sydney set up satellite offices in Bowral. - Matthew Anstee matthew.anstee@sh.rh.com.au