ISSUE 167 | MARCH 2024 | 02 9630 8000 | PAGE 8 MARKET INSIGHT SPECIAL Industrial Land Values Outlook In 2023 rising construction costs and investment yields have tested feasibilities. As a result, land values have steadied in the SME market as developers and owner occupiers have exercised more caution. Currently land values in more central western suburbs range between $1,200.00 - $1,500.00 psm for lots with an area of less than 10,000m2. With most inner west and central west locations offering no availability of sites with an area of less than 10,000m², this lack of developable sites will ensure that current pricing will remain broadly unchallenged, despite the possibility of continued upward pressure on yields due to rising interest rates. Land values will be further supported from the recent and continuing growth in net rentals in the year ahead. These factors, when combined with eventual interest rate certainty, will see a return of owner occupier confidence in long-term appreciation of industrial property resulting in increased demand in the medium term. Seven Hills 2,011m2 approx. Opportunity To Purchase 3 Unit Industrial Complex • Can be sold in one line or individual • Block of 3 units comprising Unit 1: 1,245m² | Unit 2: 391m² | Unit 3: 373m² • Warehouse/air-conditioned office spaces • 40-foot container access • Secured site • 5.5 metre to 6 metre internal clearance • Motorised roller door • Substantial power available Terry Saba: 0416 175 009 FOR SALE Y
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