When people hear the term WALE, they immediately think of one of the world’s largest mammals roaming the ocean.
But despite the incorrect spelling, a WALE in real estate terms is one of Australia’s most important terms in the commercial property world.
The latest edition of the LJ Hooker Commercial National Portfolio Magazine for 2014 is now available.
The magazine features a selection of properties available throughout our National Network of Commercial Specialists.
Investment demand for industrial space is set to surge in Sydney, Melbourne and Darwin as investment in non-mining business recovers, according to the latest market update released this morning by LJ Hooker Commercial.
“Overall commercial property markets are beginning to look much healthier,” Matthew Tiller, LJ Hooker national research manager says. “In the past 18 months investment sales and capital markets have markedly outperformed while leasing markets have remained soft.
Retail is slowly but surely bouncing back with pockets of areas around Australia showing an interesting mix of outlets is developing.
While fashion has often been the forefront of traditional retail sales, food is moving into the bricks and mortar sector in both suburban strips and shopping centres, as consumers interest change from what they purchase in person to what they buy online.
It is a good time to own commercial property in Australia – particularly in the industrial sector – as a lack of new building development is seeing a push in the market to lease good quality stock.
Providing comprehensive information on industrial property markets throughout Australia our latest industrial market research reports are a must read.