RE: HALF YEARLY MARKET REPORT JULY – DEC 2016
Nixon Industrial and Nichols Crowder have released their half yearly Market Report for the six-month period from July through December 2016. The report provides clear analysis and highlights trends regarding the commercial and industrial property markets across the Bayside to Peninsula region.
The Market Report shows strong growth in sales to investors and of off-the-plan warehouses. Investors and SMSFs are feeling more comfortable buying off-the-plan properties and then finding a tenant, indicating a resilient market with buyers taking advantage of low interest rates.
In contrast to rising sales volumes, the number of new commercial and industrial leases declined over the past six months. More tenants became owner occupiers as smaller and relatively more affordable warehouse properties were built, and as interest rates remain low.
Please click here to request a copy. Should you have any queries or would like an update on how the current market conditions relate to your property, please do not hesitate to contact us.