Spotlight on Osborne Park

Commercial,IndustrialFriday 29 May 2015
Property-Blog

Sales

Total Osborne Park Sales 2014

Vacant land sales: 0
Strata sales: 24 (lowest $214,500 / highest $2,530,000)
Non strata sales: 17 (lowest $946,000 / highest $23,000,000)

Supply & Demand

  • – Total listings are down from 12 months previous
  • – Little to no newly constructed office/warehouse units in the area
  • – Affordable green title offerings with practical improvements in solid demand under $1.5million

Opportunities

  • – Purchasing strata office with extensive fit-out and internal infrastructure at lower prices
  • – Choice of options with less time pressure on available listings
  • Leasing

    Supply & Demand

    • – Increased supply of office accommodation
    • – Only a small amount of newly constructed industrial properties
    • – Increased supply of older buildings and tenants expecting further discounts off rents

    Opportunities

  • – Greater opportunities to select a more desirable premises for a long term relocation
  • – Good time for landlords to upgrade and modernise older style buildings to attract tenants
  • Click for the: Land Values Graph

    Click for the: Rental Levels Graph

    For further information on the current market activity, contact:

    Chad Henville
    Director
    0413 116 835
    chenville@burgessrawson.com.au

    Ben Flanagan
    Sales & Leasing Consultant
    0405 929 167
    bflanagan@burgessrawson.com.au

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