Original37135999

Commercial market gains traction towards the end of 2019

Market Updates

Newsletter

Commercial

Spring


SHARE
SHARE

The commercial market has experienced a relatively low-key period of activity in recent months, but we have a solid run of auction campaigns scheduled in the lead up to the end- of-year break.

Among our recent notable sales was a modern office/warehouse in Darebin Road, Fairfield, which had a short-term lease remaining and achieved $1,340,000, representing $3,830/sqm.

We also sold an industrial facility at 32-36 Malua Street, Reservoir, via an Expression of Interest campaign which drew strong levels of enquiry and culminated in a result of $2,753,000 for the ex-food premises on 4,390 sqm of Industrial 1 zoned land.

Forthcoming opportunities in October and November include a corner site of 690 sqm at

179 Grange Road, Fairfield and a shop and dwelling at 80 Silverdale Road, Eaglemont.

In terms of leasing enquiry, retail continues to be relatively stagnant in comparison to industrial, which is maintaining reasonable consistency in this period of economic caution for the Commercial Market.

Whether you are looking to sell or lease your commercial property, the Miles team can provide an obligation-free, accurate appraisal and offer the right advice to help you make an informed decision. 

Click here to get in touch with the Miles commercial team today.


tag

Contact Miles for your trusted source of local real estate knowledge and advice.

Read More