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Commercial market gains traction towards the end of 2019

Market Updates

Newsletter

Commercial

Spring


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While the commercial market may have experienced a relatively low-key period of activity in recent months, 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.

Click here to see our recently SOLD commercial properties.

Forthcoming opportunities in November include a shop and dwelling at 80 Silverdale Road, Eaglemont and a freehold parcel of land at 31 Brougham Street, Eltham.

Click here to see our complete list of upcoming commercial properties available to BUY.

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. 

Why choose Miles:

  • A company committed to providing superior service, unequalled local knowledge and experience gained since 1924 in Banyule and surrounds. 
  • Market leading company with great energy and highly experienced agents and auctioneers. 
  • Consistently achieving excellent results. 
  • Numerous testimonials and performance references. 

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


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