First National Neilson Partners Commercial has had strong enquiry on commercial property for sale and commercial property for lease over the past 12 months, seeing buyers having a strong appetite for factories and industrial property even after 10 consecutive rate rises.

This factory at 4/27 Bate Close, Pakenham sold for $510,000

The successive cash rate rises, have to date not affected industrial property as it has other product lines such as retail real estate and office space and of course the residential real estate sales market.

This market has continued to trend positively ever since the COVID-19 pandemic and Melbourne lockdowns throughout 2020 and 2021 with most commercial property investors and commercial property buyers deeming the sector as “COVID-proof” due to the ability to transact in certain fields despite lockdowns, as well as the growth in fields such as eCommerce and drop shipping.

For Lease - 8 Bambra Close, Cranbourne West

For Lease - 1 Mepstead Close, Pakenham

Due to this continued trend, First National Neilson Partners Commercial is finding that rental prices in this asset class continue to climb, the opposite of current inflation where other product lines are settling or in some cases trending downwards.  

Neilson Partners Commercial welcomes the opportunity to discuss industrial real estate and your plans for the future as an industrial investor, so please contact us today for a confidential chat and advice on your journey in commercial property.