SFPG Commercial Listings November 2022

MESSAGE FROM THE DIRECTOR

SALES OPPORTUNITIES YOU DON'T WANT TO

Level 1, 9 13 Parnell Street, Strathfield

HOTTEST RECENT DEALS

544 Pacific Highway, Chatswood 3 Hosking Place, Sydney SUITE 4.07/12 14 O'CONNELL ST, SYDNEY 158 PARRAMATTA RD, STANMORE SUITE 506/321 PITT ST, SYDNEY LEVEL 2/387 GEORGE ST, SYDNEY

WHAT'S HOT IN RETAIL LEASING THIS MONTH

636 George Street, Sydney Shop 1/483 Old South Head Road, Rose Bay

3 Temperance Ln, Sydney 35 Glebe Point Road, Glebe 137 Broadway, Ultimo 56 York Street, Sydney 25 29 Dixon St, Sydney

SECURE A GREAT DEAL IN THE OFFICE MARKET

13 15 Wentworth Ave, Surry Hills 100 Christie St, St Leonards 16 Campbell Street, Haymarket

6 8 Help St, Chatswood Level 7/387 George St, Sydney 630 George St, Sydney Suite 101/209 Castlereagh St, Sydney

9 Second Avenue, Blacktown

RARE INDUSTRIAL OPPORTUNITY

1 Gerald St, Marrickville Level 2/187 Macquarie St, Sydney 41 Forbes St, Liverpool 104 Majors Bay Road, Concord

AN UPDATE ON THE OFFICE AND RETAIL LEASING MARKET IN SYDNEY CBD

Sydney’s Office CBD market has seen an upward trend in recent times, slowly returning to pre covid conditions, with the market managing to record three consecutive 6 month periods of positive net absorption. Despite this, Sydney’s vacancy rate has remained stable at 9.3%.

Sydney’s Office market is seeing a flight to quality, with B grade vacancy higher than other grades The vacancy rate for B Grade Office space in Sydney CBD is 11 3%, whilst the vacancy rate for A Grade and Premium grade is 10 8% and 4 9% respectively

Gross incentives remain high, sitting at 30 39% on average, depending on grade, lease term and location Whilst Landlords continue offering high incentives to retain and attract quality tenants, incentives have largely stabilised, which has levelled out gross effective rents. Premium and A grade properties have seen a small increase in Gross Effective rent, from $980 to $990, whilst B Grade properties have remained stable at $670.

Sydney’s Retail Market growth has exceeded expectations, growing by 10 3% in the year to May 2022 The Retail Market is expected to slow down due to rising interest rates and cost of living pressures, which could see sales growth slow

There has been a very slight rental growth in the Retail Market over the past year in both regional and neighbourhood areas, with a 0 4% decrease in sub regional areas Due to increase in construction costs as well as a number of other factors, there is a limited planned supply of retail premises.

This limited supply should aid rental growth. Combined with an increase amount of office workers and tourists returning from Covid, retail rents should see steady growth in 2023.

With rising interest rates combining with rising inflation, the Commercial Sales market has slowed down significantly in 2022 Due to these financial challenges, there has been a decrease in both buyers and sellers However, even though we are experiencing a surplus of owners holding onto their properties, there is also an influx of sellers who are agreeable to more competitive sale prices due to financial pressures

André Pang Commercial Director

Service First Commercial is proud to represent the sale of this extremely rare offering, Showroom, 544 Pacific Highway. With great traffic exposure, an open floor plan of 852 SQM and an enormous 29 car spaces for customers/staff, this property is one of the best showroom spaces available on the North Shore

Key Features: 852m2

8 minute walk from Artarmon Train Station and 12 minute walk to Chatswood Westfield

a 7

Centre.

PLACE,

is the

be in the most hip and iconic location of Sydney CBD. 3 Temperance Ln is located

to the

tenanted by the luxury

and opposite Mid City

this laneway space also comes

with

trap

making it an extremely ideal location to attract

as well

Now

the

a

this

by everyday. This

thousands

space

with the exposure it needs.

undoubtedly provide

one of

Retail and Commercial

UTS,

University, Central Park, Central Train Station

of

Square Metres

100 Christie Street, St Leonards is a prominent commercial building in the heart of the North Shore Large frontage providing excellent exposure to your business with high foot traffic from workers in the surrounding area and vehicular traffic passing every day. Previously leased to NSW Health.

There are 10 floors available in the building, with potential for division via partition walls. There is potential for 9b Approval for the building, opening up the potential for college and education spaces.

second walk from St Leonards

Located a brisk

by local eateries,

needs.

location is perfect for all

the

in

from

as

of the

Level 7, 387 George Street is a whole floor office space featuring polished concrete floors and direct lift access. It is situated in an award winning New York style heritage building, boasting an unmatched location, in the new look George St. Adjacent to the Apple Flagship store and in close walking distance to Town Hall, Wynyard and Pitt St Mall.

Superb high floor warehouse style space Whole floor tenancy fronting George Street Natural light coming through from 3 directions

shower & kitchenette on floor

floors

boardroom drenched in sunlight facing

Level

this

of

SQM set this

home for an office or

up

With upcoming renovations

and lobby, now is the time to

for lease. With

from 10 SQM 440 SQM there

for all interested parties.

the

an incredibly

situated just a 3

walk from Town Hall Train

This makes the property the

space

in

CBD. With an open

plan, combined with private offices

rooms, the layout is

suited for a small office

in a

This large, open plan

space in Blacktown is freshly available on the market for Lease. There is a Private Carpark at the rear of the building fitting up to 8 cars. With over 500 SQM of space, comprised of several large rooms, breakout rooms, meeting rooms

this space is perfectly situated for all your office needs. There is also a large kitchen space for your office usage.

Located 3 minutes from Westpoint Shopping mall, and 5 Minutes from Blacktown Hospital.

Previously leased to Disability Services Australia.

First Commercial is proud to

most highly sought

455m2 industrial

situated

a five minute walk to Sydenham Train Station. Set just off Marrickville Road, this property is perfectly positioned to suit all of your industrial needs.

has 405m2 of ground floor

with a 50m2

located on the first floor.

in

Park House is located in the heart of the Macquarie

office and medical precinct and is also in extreme proximity to the Supreme Court of New South Wales. This property is situated in one of Sydney's most esteemed commercial precincts overlooking gorgeous Harbour views

Featuring a renovated lobby with 3 lifts, Park House

boasts

unmatched location. It is surrounded by iconic heritage buildings such as Parliament House, the State Library of New South Wales, The Sydney Mint and the Reserve Bank of Australia and only a very short 2 min walk to Martin Place Train Station.

the plan

any

for a

to Liverpool Hospital, Ingham Institute and opposite Liverpool Boys and Girls High School and 11 mins walk to Liverpool Train Station.

a prime position

the

(as shown in the

plans).

with