Coffs Harbour industrial market to remain stable in 2020: HTW Industrial

Coffs Harbour industrial market to remain stable in 2020: HTW Industrial
Coffs Harbour industrial market to remain stable in 2020: HTW Industrial

We can anticipate the year ahead to remain stable for the Coffs Harbour industrial and commercial property marketĀ in 2020, according to the February 2020 report from valuation firm Herron Todd White.

The property valuation firm found the commercial market demonstrates firm yields across a broad spectrum of price ranges.

Based on the current low interest rate climate, these conditions should continue throughout 2020.

Whilst there will be limited impact throughout 2020, HTW would anticipate the market will become aware of the beneficial economic impact the construction development phase will bring to the local property market.

HTW valuers said, "industrial property should benefit and the demand for services will increase."

"We would expect that retailing will remain difficult with a continuation of the current market, featuring high vacancy rates and sensitivity with rental levels."

"The Woolgoolga commercial market is expanding with a number of new developments proceeding and this market should continue to strengthen throughout the year," they concluded.

Tags: 
Industrial Coffs Harbour

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