Oversupply of industrial properties in Launceston: HTW

Launceston has an oversupply of industrial properties relative to demand, according to a recent Herron Todd White (HTW) report.

The property valuation firm says that Launceston has a steady rental vacancy trend along with a stable rental rate trend.

Click to enlarge

However Launceston’s industrial sales is declining despite the market rising, the firm says.

Launceston’s economic situation is flat with significant value difference between quality properties with national tenants and comparable properties with local tenants.

A 855 square metre industrial warehouse at 6/16 - 18 Goodman Court, Launceston (above) has been listed for sale.

Similarly a 1733 square metre industrial warehouse at 2/7 - 9 Wilmot Street, Launceston (below) has been listed for $850,000.