June property updates from Upstate: the latest news about the Sydney commercial market

Whether you’re looking for a sign to sell or you just want to discuss your options, we have good news for you!

Our team just released our latest Commercial Property Report, and Sydney’s commercial real estate market looks very promising right now as the demand for offices, warehouses, retail establishments and other commercial properties remain consistently strong despite the speculation of volatility.

In fact, commercial properties in the Northern Beaches industrial sector have been experiencing an exceptionally low 1% vacancy rate. The demand for storage units and warehouses is also rising. At Upstate, we were recently able to sell 8 warehouses in 2 weeks and 31 storage units at 15 Jubilee Avenue, Warriewood. The whole development was sold out within 3 months!

On the other hand, office spaces are moving away from the Sydney CBD and into urban areas like Manly and Dee Why, creating a higher local demand. A lot of companies are also shifting to smaller capacity satellite offices due to the growing trend of flexible work arrangements.

The retail sector is also recovering as well. More bricks and mortar stores like shopping malls and local cafes are now opening their doors to cater to people who have shifted to remote working.

Upstate has years of Sydney commercial real estate experience

Just last year, Upstate leased 123 commercial properties and sold 108. Our highest commercial sales price in the Northern Beaches was $26,000,000.

Through our commercial sales and leasing services, asset management and commercial concierge, you can get the most from your commercial property. As always, we can help you find yourself in a better place!

Get your commercial property sold the right way

Our team of Sydney commercial real estate experts leverage reliable market research, experience and expertise to determine your best course of action when it comes to selling commercial property. 

We’re skilled, agile, client-focused and tech-savvy – let’s just say we do things differently and it’s all for your benefit. With us, you’re in very capable hands! 

Let’s discuss your options 

Our Upstate real estate specialists ensure you achieve your commercial property goals. That’s because we’re a big agency, with the heart and determination of a boutique one.

Speak to your local Upstate team today and we’ll show you the possibilities that earn excellent results. We look forward to chatting with you soon.   

The Upstate team   

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