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Overview:
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Commercial activity remains steady as buyers take a more considered approach
The commercial property market continues to see steady activity, with deals being completed across a range of asset types. However, buyers and investors are undertaking greater due diligence before committing – many transactions are taking longer to come together than the four-week campaign pattern that was once considered the norm.
Recent transactions have included development sites, industrial properties and leased investments, highlighting ongoing demand across the market.
Quality commercial assets continue to attract interest
Properties with strong fundamentals, such as strategic locations, development potential or secure long-term tenants, continue to attract buyer interest.
Recent sales have highlighted ongoing demand for industrial properties and well-positioned investment opportunities, particularly where there is a clear long-term income stream or future growth potential.
Commercial leasing activity has delivered positive results in recent months. Businesses continue to seek quality premises, with strong leasing outcomes achieved on several warehouse and industrial properties in recent months. This is an encouraging sign for commercial property investors.
Recent transactions
A development site on 44-48 Whitehorse Road, Deepdene recently sold for approximately $2 million, while an industrial building with a long-term tenant — 272 Dundas Street, Thornbury — sold at a yield of around 5%. In Blackburn, a warehouse on 3/11 Mary Street passed in at auction before achieving its full asking price just days later.
Leasing activity has also been positive, with 59-61 Northern Road, West Heidelberg leased at $125,000 per annum and a 2,000sqm warehouse at 36-40 Northern Road securing a long-term lease worth approximately $250,000 per annum.
Looking ahead
A strong pipeline of commercial sales campaigns is scheduled to launch over the coming months, providing a useful indicator of market confidence as we move towards the end of 2026. Whether you're considering selling, leasing, purchasing or investing, understanding current market conditions is key to making informed decisions. Our commercial team is available to discuss your property goals and help you navigate the opportunities ahead.
