The Edinburgh Realty eNewsletter
Issue #83 | February 2020Archive
Edinburgh Commercial set for another big year
Dunedin’s commercial property market continues to trade well into 2020, with low interest rates and cap rates rising, particularly on fully leased investment opportunities.
During this financial year, Edinburgh Commercial has transacted over $17m worth of commercial property. Demand for good quality commercial investments is on the rise and a scarcity of industrial land is pushing developments out of known industrial areas. In the CBD, tenant demand for on-site parking is proving a challenge. Landlords prepared to invest in their properties or facilitate fit-outs will find tenants prepared to sign longer leases.
Overall, it’s looking great for Dunedin with positive change, economic investment in the city and new opportunities emerging. If you have a commercial premise you’re thinking of selling or leasing, or you’re looking for a commercial property to buy or lease, give our team a call.