Market Commentary – March 2016

by admin-king | 10th March 2016

No ‘Monkey-ing’ around’ in 2016 for King & Co’s been straight down to business for the team at King & Co Property Consultants with a very positive start to 2016, the year of the Fire Monkey. Owner-occupiers are confidently purchasing property. The benefit of buying over leasing have probably never been clearer than they are today given low interest rates and rising business confidence Investors are very active with frustrated buyers being prepared to consider good properties with shorter term leases. The demand for quality industrial property with long term leases is almost ‘insatiable’. Continuing demand from self-managed superannuation funds and investors exiting the stock market is driving demand and we are seeing some yield compression. Is a yield of mid to high six percent about to become the new norm? We may soon find outOlder vacant buildings continue to struggle with some owners refurbishing to attract tenants and buyers. Those unable to, face reduced rents or extended vacancy.  A strong owner-occupier market and interest from investors seeking refurbishment opportunities makes this a very good time to sell.Our auction campaigns have been performing well over the last year producing very good result for vendors.Despite volatility in local and global markets; endless international disturbances and uncertainty; forthcoming Local, Commonwealth Government and United States Presidential Elections; the year of the ‘Fire Monkey’ is off to a great start and looks very promising indeed! If you are looking to buy, sell, lease or have your property managed now is the time to talk to  King & Co. Remember, we are the specialists in industrial property sales, leasing and property management and ‘we get results’. Please call us today.

Comments are closed.