Commercial Collection

As the year draws to a close, the commercial property market is experiencing a surge in activity with rising stock levels and abundant opportunities driving market momentum. Commercial Collective has strengthened its strategic presence in Maitland through the acquisition of Starr Partners Maitland on November 1st, becoming the only independent commercial agency with a dedicated office in the region. This expansion enhances our ability to support clients in a key growth area.

The industrial sector remains the market’s standout performer, with a scarcity of land fueling demand. While the sector has seen a stabilisation of returns after years of rapid growth, this steadying allows for more predictable future forecasts. Meanwhile, the Newcastle office market is navigating an influx of premium A-Grade stock, applying pressure to lower-grade office assets reliant on location, parking, and amenities. The retail sector also shows resilience, achieving a 2% return for 2023/24, bolstered by consistent growth in NSW retail trade. Overall, transaction volumes across the commercial property market have significantly outpaced those of the previous year, highlighting continued investor confidence.