Over the past 12-24 months we have seen a surge of ‘owner occupier’ enquiries entering the market. Most of these enquiries have been long term tenants in their existing premises however with interest rates being at a historical low and a high influx of overseas capital coming into Australia, many companies are now choosing to buy as opposed to lease.

Link Property Services are currently marketing a brand new mixed use development in the Greystanes Business Hub named ‘Gateway Estate Greystanes (GEG)’. GEG consists of 30 brand new industrial units, 13 retail shops, 13 commercial suites and a childcare centre. Unit sizes range from 89sqm – 653sqm. To date we have received over 200 enquiries with the majority being from private business and self managed superannuation funds. We are achieving on average circa $1,800 – $2,000 per sqm on the industrial units, $4,000-$5,000 per sqm on the retail shops and $2,600 – $2,850. These rates prove the strength of the owner occupier market and the lack of quality product currently available to buy.

Posted: 16 April 2015