Ray White Commercial Sees Potential in Brisbane South Industrial Market
Ray White Commercial is increasing its exposure to the Brisbane South industrial sector due to the quality of available tenancies, and the exceptional value on offer to tenants.
Ray White Commercial (Qld) has welcomed new sales and leasing agents Daniel Janho and Andrew Doyle to boost its focus on the southside industrial market.
Ray White Commercial (Qld) Director Sales and Leasing, Paul Anderson said: “We see great opportunity in the southside market due to the type of stock and its pricing.
“As part of our commitment to the southside sector, we are pleased to welcome Daniel Janho and Andrew Doyle to the agency and they will concentrate on this market.
“Both Daniel and Andrew have recently attained their Real Estate Salesperson Certificates and have been inducted into the industry through the Ray White Commercial training program. We intend to get our hands dirty and do the work to secure superb outcomes for our owners.”
Ray White Commercial Head of Research, Vanessa Rader, said the Brisbane industrial market has slowed over the past few years with vacancy levels growing most notably across the larger size ranges.
“As larger tenants seek new purpose built facilities, older stock is left available in the market putting pressure on secondary stock,” Ms Rader said in the Between the Lines – Brisbane Southside Industrial Leasing Update June 2016.
“This has had an influence on both rents and incentives, while yields have been somewhat immune to these market fundamentals due to the weight of funds and low interest rate environment.”
Vanessa Rader said as vacancy levels have been high across the broader market there has been some downward pressure on face rents.
“Rents have been similar across the south east, south and south west of Brisbane averaging $99 per sqm, $99 per sqm and $100 per sqm respectively,” she said.