Commercial Property Market Spotlight – October Data 2021

Discussion in 'Commercial Property' started by Andrew Bean, 11th Nov, 2021.

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  1. Andrew Bean

    Andrew Bean Active Member

    Joined:
    22nd Mar, 2021
    Posts:
    31
    Location:
    Sydney
    Hi Everyone,

    I thought I would share some interesting stats and metrics for a market that has performed very well during the pandemic. This is a market that has really benefited from the working from home movement.

    It has great beach lifestyle, it’s close to a major city so workers can easily commute to those important meetings, It has diverse industry and in comparison to its closest city it’s affordable.


    NEWCASTLE


    SALES DATA     (for the month of October)

    CAP Rate Guide

    RETAIL
    5% - 7.5%
    OFFICE
    4.5% - 7%
    INDUSTRIAL
    4.75% - 7.75%

    Sales Transactions

    RETAIL
    5
    OFFICE
    4
    INDUSTRIAL
    9

    For Sale

    RETAIL
    20
    OFFICE
    40
    INDUSTRIAL
    42

    Listed Stock on Hand

    RETAIL
    2.3%
    OFFICE
    2.4%
    INDUSTRIAL
    3%

    LEASING DATA (for the month of October)

    Rate Per m2 Guide

    RETAIL
    $130 - $1,200
    OFFICE
    $170 - $430
    INDUSTRIAL
    $85 - $400

    NEW Leases

    RETAIL
    6
    OFFICE
    14
    INDUSTRIAL
    6

    For Lease

    RETAIL
    109
    OFFICE
    252
    INDUSTRIAL
    123

    Listed Vacancy Rate

    RETAIL
    12.3%
    OFFICE
    15.2%
    INDUSTRIAL
    8.9%

    EMPLOYMENT DATA (for the month of October)

    Total Jobs Available
    1,631

    Total High Income Jobs Available
    503

    High Income Job Percentage
    30.84%


    Let me know if you like this sort of information and I will keep sharing it.
     
    Andrew Bean, 11th Nov, 2021
    #1
    Property Guts, Scott No Mates, craigc and 1 other person like this.
  2. Cindie

    Cindie Member

    Joined:
    15th May, 2021
    Posts:
    12
    Location:
    NSW
    Hi Andrew. Please keep sharing. Thanks !
     
    Cindie, 30th Nov, 2021
    #2
    Andrew Bean and kmrr like this.
  3. Property Guts

    Property Guts Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    157
    Location:
    Australia
    Hi Andrew - just had a day in the car. Listened to several of your podcasts. My favourites were Jay Anderson and Symon Peters because they were so informative and your line of questions was excellent. One minor teeny request, please, can you stop calling all your guests "Mate" all the time. It sounds unprofessional and disrespectful. Thanks - mate.
     
    Property Guts, 3rd Dec, 2021
    #3
  4. Andrew Bean

    Andrew Bean Active Member

    Joined:
    22nd Mar, 2021
    Posts:
    31
    Location:
    Sydney
    Hi @Property Guts
    Thanks for listening to the show. I'm really glad you are enjoying it.
    Very interesting feedback. Thank you.
     
    Andrew Bean, 6th Dec, 2021
    #4
  5. Beano

    Beano Well-Known Member

    Joined:
    7th Apr, 2016
    Posts:
    3,359
    Location:
    Brisbane
    Keep posting Mr Bean :D
     
    Beano, 6th Dec, 2021
    #5
    Andrew Bean likes this.
  6. Andrew Bean

    Andrew Bean Active Member

    Joined:
    22nd Mar, 2021
    Posts:
    31
    Location:
    Sydney
    Andrew Bean, 6th Dec, 2021
    #6
  7. Piston_Broke

    Piston_Broke Well-Known Member

    Joined:
    30th Jul, 2015
    Posts:
    4,140
    Location:
    Margaritaville
    Small retailers paying premium for high traffic areas may be moving out soon.
    And small strips out in the burbs may be in more demand, though it does depend on the area.
    Small bulky goods seems to be in high demand atm in most areas around Sydney.

    Looking back all the cvd drama just accelerated the trend that was already happening.
     
    Piston_Broke, 8th Dec, 2021
    #7
  8. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    Recent deals for big players - linky

    Some great pre-Xmas reading.
     
    Scott No Mates, 23rd Dec, 2021
    #8
    Cousinit likes this.
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