The Edinburgh Realty eNewsletter

Edinburgh Commercial looking to the year ahead

Edinburgh Commercial trending well

The commercial market has seen significant gains in the last 2 years – with cap rates sharpening and a shortage of quality investment opportunities

Edinburgh Commercial has continued to service the market well with a strong number of commercial sales and leases transacting prior to the end of the 2021 year. Despite interruptions from Covid measures we are still seeing buyer interest in commercial property and tenant enquiry for leasing premises. With lending criteria changing and funding partners scrutinizing all aspects of premises - we are encouraging vendors to be prepared prior to taking their property to the market and can assist vendors with this process.

We expect there will be continued disruption during 2022 from pandemic measures, how this will impact the business environment is yet to be seen – but we perceive there will be staffing/supply chain issues particularly in the hospitality, retail/trade sectors, which will be challenging. Dunedin has a number of existing construction projects underway with premises in the CBD being developed/refurbished offering A grade office/retail/service and accommodation opportunities. This is exciting for the city as these spaces are being leased/occupied with the average office sqm rates pushing upwards of $300 a sqm (gross) on these new developments and inevitably reflects in the value of the building. We are continuing to work closely with our clients to help provide solutions to their real estate needs with our expertise and skills within the commercial sector.

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 friendly team a call.
 

Merrin Bath
Commercial Property Consultant
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Kane Bray
Commercial Property Consultant
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Mike Elford
Commercial Property Consultant (Central Otago)
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