ISSUE 176 | DECEMBER 2024 | 02 9630 8000 | PAGE 4 Rouse Hill Baulkham Hills Silverwater Riverstone Somersby Auburn Pemulwuy Yagoona Seven Hills St Marys Bawdens Deals Done LEASED BY LEASED BY SOLD BY SOLD BY LEASED BY SOLD BY SOLD BY LEASED BY LEASED BY SOLD BY MARKET INSIGHT SPECIAL Rental Arrears Survey Reveals SME’s in Good Shape in 2024 Industrial Property News recently asked leading agents Bawdens to identify how business conditions are in 2024. The company completed a survey of rental arrears for a selected period in 2023 and again for the same period in 2024. The survey considered leases totalling some 1545 tenancies. The results can be seen as follows in the graph below. Rental arrears can be considered a barometer of the cash flow health of a business. In 2024 the survey identified that conditions have improved from 2023 as measured for the respective first quarter of each financial year. The graph reveals the total percentage of tenants with rentals that were 14 days or more in arrears has fallen substantially for each month comprising the quarter in 2024 as compared with 2023. Small Medium Enterprises (SME’s) appear to be prioritising cash flow and ensuring their business remain well capitalised in 2024, this is one of the key reasons why industrial vacancies remain at historic lows today.
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