As we break the back of winter and with over half the year behind us, it is always a good litmus test on how the balance of the year might look.
The commercial property market remains strong and we do not foresee it changing anytime soon. Interest rates remain low and business confidence is in good shape according to the latest Colliers International confidence survey. Leasing demand for vacant industrial space is keeping supply at an all time low, with overall vacancy levels around the North Shore down below 2.0% for prime space and below 1% for secondary offerings.
With a limited supply and high demand in this sector it has resulted in an increase in industrial rents throughout the North Shore.
The industrial sector has been a stand out performer achieving record yields. With limited stock and a high demand from industrial investors and owner occupiers alike we are seeing a large number of transactions sitting well below the 5% threshold.
Following on from this there is still pent up demand for quality property across all commercial sectors. (Industrial, Office and Retail).
Finding the right property match for your business can be a difficult and time consuming process, one that can distract you from doing the things that make you money. Whether you have an industrial , retail or office requirement, a call to one of our specialist brokers could save you time and money. Let them undertake a wide property search on your behalf and present you with a list of all available options. There is an old saying “ every pot has a lid” and it is our job to match your property requirement with your specific business needs . We can give expert advise on lease structure, sub leasing your current property or find an owner occupier the right property. As moving premises can be an expensive process it is imperative you keep in mind the future requirements you may need to allow for business expansion. We continually see a lot of companies where their business doesn’t match their current property situation.
If this is a reality for you and it is constraining your business give one of the following brokers a call.
Mike Ryan – Broker, Industrial Sales & Leasing, Phone 021 402 461 or email mike.ryan@colliers.com
Nick Recordon – Broker, Sales & Leasing, Phone 0272306751 or email nick.recordon@colliers.com
Sean Honeycombe – Broker, Sales & Leasing, Phone 27 252 8882 or email Sean.Honeycombe@colliers.com
