1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Sydney's commercial property market growth could be slowing

November 08, 2011

Demand for commercial property in Sydney is starting to follow a 'cool-down' pattern, according to recent research.

 

The Royal Institution of Chartered Surveyors (RICS) has released a study that indicates a decrease in the demand for prime office real estate in the NSW capital - despite a number of high-profile leases recently being signed.

 

While retail rental outlooks remain positive, the slow growth recorded in the region is most likely due to a conservative outlook presented by tenants as they consolidate their assets heading into the holiday season.

 

The fact that demand has dipped into the negative for the first time since 2009 should not be seen in a short term context, according to the report's authors.

 

Rather, they assert that the figures need to be viewed "in the context of an extended period of strong economic growth and a healthy performance from the real estate sector".

 

This sentiment was echoed by RICS Asia Pacific managing director Kaye Herald, who stated: "The Oceania market is following the global trends as economic conditions cool."

 

While on the face of it a property slowdown is not an ideal situation for investors looking to sell, tenants and prospective buyers may be able to find new premises in and around Sydney at reasonable rates.

Latest Articles

Leasing opportunities to attract CBD tenants

Improved employment figures and CBD availability will encourage small and medium-size enterprises ...
read more

LJ Hooker Commercial Launches Office Market Monitor 1H 2015

This LJ Hooker Commercial Office Market Monitor looks at the recent performance of office markets ...
read more

PCA Innovation & Excellence Awards 2015

This month, LJ Hooker Commercial was privileged to support the Property Council of ...
read more

LJ Hooker Commercial launches Industrial Market Monitor IH 2015

We are excited to launch the LJ Hooker Commercial Industrial Market Monitor 1H 2015.   This ...
read more

National Portfolio Magazine

We are very pleased to present the March 2015 edition of the LJ Hooker Commercial National ...
read more

Win One Million Qantas Points

Check-in with LJ Hooker Commercial to WIN* the trip of a lifetime! Whether you are selling or ...
read more