National Brokers Network

Outlook for Growth in Sydney Commercial Property Market

While Melbourne is experiencing a boom in the commercial property sector, another city is also having a modest amount of supply along with pent-up demand and unprecedented levels of infrastructure investment. In short, Sydney is also experiencing a favourable as it continues to rise.

According to the Property Council of Australia, Sydney’s Central Business District (CBD) vacancy rate went down to 4.1 per cent — a drop by 0.5 percentage — in the six months to January 2019.

The reason behind the decrease was due to withdrawals during the time frame mentioned, which were more than 55,000 square metres, despite the increase of 28,000 square metres in stocks. Last year, only Investa’s Barrack Place was the new A-grade office development in the CBD. This office space is located at 151 Clarence Street.

On the other hand, 2019 will receive stocks from other developments, such as 60 Martin Place (38,600 square metres), 100 Broadway (5500 square metres), and 1 Sussex Street (10,000 square metres). However, these stocks are limited because the pre-leasing already started. Only 60 Martin Place offers available space, but more than 60 per cent already went into pre-lease, while the two, 100 Broadway and 1 Sussex Street, are already fully leased.

In the current situation, rental prices also experienced an increase in prices. Premium office buildings experienced a surge of 11.2 per cent, which now makes a square metre worth $1300, while A-grade stock increased by 11 per cent, with $1030 a square metre, Colliers International figures revealed.

Looking for a Commercial Property For Sale might become difficult for some, but selling one may open new opportunities of price ranges due to the limit in stocks. If you’re willing to sell a commercial property, National Brokers Network can market your property through our website listings, social media, and brokers, offering you higher exposure than your competitors.

Find the right deal for your property. Contact 03 9226 9222 or to get in touch with us.

Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

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