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Stories and insights about the local Sunshine Coast commercial market and beyond.
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With the Sunshine Coast commercial property sector experiencing unprecedented demand, it’s never been more important to have your finger on the pulse, especially if you’re a commercial property owner.
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2022 IN REVIEW: COMMERCIAL PROPERTY STILL A WINNER ON THE SUNSHINE COAST
There’s a real sense of momentum in the Sunshine Coast commercial market, a hardiness and confidence that’s riding any waves of uncertainty and leaving them in its wake.
Investors are still investing. Business owners are still growing their businesses and looking to the future. Despite interest rate rises in the second half of the year, there seems to be a determination from both investors and business owners to push through whatever is thrown their way and soldier on.
CHANGING OF THE GUARD IN SUNSHINE COAST RETAIL
The retail sector on the Sunshine Coast is bucking the trend of some capital cities with burgeoning demand for quality high-traffic space and an evolution of the retail mix.
From Caloundra to Noosa and everywhere in between, the resurgence of retail can be seen in the enthusiasm of buyers and lessors and the willingness of landlords to invest in upgrades to meet a savvy market.
TOP 5 PREDICTIONS FOR THE SUNSHINE COAST SMALL (SUB $2 MILLION) COMMERCIAL MARKET
Smaller commercial assets on the Sunshine Coast are holding their own despite the current economic uncertainty and rising interest rates. Offices, retail and industrial assets in the sub $2 million price bracket remain in hot demand for investors, owner occupiers and Self Managed Super Funds.
BUYING A COMMERCIAL PROPERTY NOW? 3 THINGS TO CONSIDER
The last 18 months have seen outstanding investment into Australian commercial property across all asset classes. A combination of seasoned investors, SMSFs and first-time buyers converged on assets that offered better returns than the low bond rates and more certainty than the share market.
NOOSAVILLE IS A MAGIC MIX FOR COMMERCIAL PROPERTY OWNERS AND INVESTORS
Noosaville commercial property continues to be in hot demand, with market maturity and stability providing a buffer against uncertainty.
The growing Noosa suburb has all the right ingredients for a commercial investment or business location. Its bustling retail strip of chic coffee shops, restaurants, boutiques and buzzing bars is an effortlessly cool place to be for locals and visitors alike.
EXPANDING BUSINESSES FLOCK TO MAROOCHYORE
THE ENSURING SUCCESS OF HASTINGS STREET
7 REASONS TO BE OPTIMISTIC ABOUT THE SUNSHINE COAST COMMERCIAL MARKET
The Sunshine Coast commercial market continues to exceed all expectations. The region is on target to meet projected economic and population growth rates.
Even though the market is a little unpredictable and many are watching with interest to see what will happen next, there’s still plenty to be optimistic about.
WHAT’S THE OUTLOOK FOR SUNSHINE COAST COMMERCIAL PROPERTY IN 2022?
CELEBRATING AN INCREDIBLE YEAR: 2021 IN REVIEW
Dynamic and exciting, this year has brought unprecedented levels of activity for our team and we’ve smashed local records in just about all areas of commercial real estate.
Whether it’s on-market, off-market or at auction, our team has pulled out all the stops to deliver for our clients … with some incredible results!
BOOMING SUNSHINE COAST HEALTH SECTOR A MAGNET FOR MEDICAL BUSINESSES
The Sunshine Coast’s booming health sector and population growth are driving unprecedented demand for property suited to medical and allied health businesses. Anchored by the Sunshine Coast University Hospital, the region is already home to 2,000 healthcare businesses.
WHAT’S HAPPENING IN NATIONAL AND LOCAL COMMERCIAL MARKETS RIGHT NOW?
The pandemic has significantly impacted the Australian economy, with lockdowns and restrictions altering how we interact with commercial assets. In Queensland, we’ve seen significant results across the commercial investment market, with the industrial asset class the big winner.
NOOSA JUNCTION HAS EMERGED AS A THRIVING COMMERCIAL HUB: HERE’S WHY.
Noosa Junction is flourishing. Locals love it, and tourists have discovered it, making it attractive for businesses and commercial investors. Many owners are committed for the long haul and investing back in the strip, with $20 million in street upgrades planned for the next 3-5 years.
WHAT’S NEW FOR THE HOTTEST OFFICE MARKET IN QUEENSLAND?
The Sunshine Coast office market is the hottest in Queensland and is one of the strongest in Australia. Significant infrastructure investment, high business confidence and comparative resilience in the face of a global pandemic all add to the region’s reputation as a great place to live and do business.
ENORMOUS POTENTIAL FOR COOLUM INDUSTRIAL OWNERS
The current competitive environment is generating a record number of enquiries for industrial properties. Coolum industrial property is finally reaching its potential. Coolum has gone from being the poor cousin of Noosa and Kunda Park to a sought after locality in its own right.
THE CHANGING FACE OF HASTINGS STREET
Hastings Street has long been the jewel of the Sunshine Coast but the current demand for commercial space is like nothing seen before. A dynamic environment and economic certainty have increased demand for A-grade spaces, hospitality premises and properties with food and beverage potential.
THE RISE AND RISE OF NOOSA POST-COVID
A once-in-a-generation property market in southeast Queensland is fuelling a shift in how commercial investors and tenants think about property. And nowhere is this more evident than Noosa, where population growth continues to drive demand and the uncertainty of 2020 seems long forgotten.
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