Agents that operate in the sub $5 million suburban industrial market are having a field day with activity showing little sign of slowing.
Knight Frank’s commercial and industrial sales division recently wrapped up the sale of an industrial investment in Silverwater, in Western Sydney for $2.7 million – which equates to $1,323 per square meter.
Knight Frank senior executive for the industrial space Scott Bailey said the sale represented a very good result for the Silverwater area.
“This recent deal indicates that there is ongoing demand for properties that provide spacing solutions for various niche sectors,” Mr Bailey said.
“Buyers see the benefits of a non CBD location in terms of space and a lower asking price and the opportunity to run operations from one facility.
"The strength of the market for well located suburban properties suitable for specific space requirements in non CBD locations shows no sign of slowing.”