2022 year so far...

Karbon Commercial has found that 2022 has been a strong year for our leasing and sales team.

The first half of the year generated a strong level of enquiry from those tenants seeking sub -1,000 sqm. The main drivers for relocation were lease expiries and business growth. Quality/fitted stock continues to be the most sought-after, with many Landlords providing spec fit outs to take advantage of this demand. Deal terms have remained stable, with face rents holding firm despite global uncertainty, inflation and interest-rate rises. Incentives have remained steady. As we enter Q4 of 2022, we will see the vacancy rate across the fringe sit below 3% as demand continues to outstrip supply. Karbon Commercial sees this trend continuing for the rest of 2022 and early 2023.

The investment sales market has seen a traditional slow start in 2022. However, Karbon Commercial launched multiple campaigns after Australia Day, and we witnessed a strong investor/developer appetite for sub $50M opportunities. While increases in the RBA cash rate have undoubtedly tightened venture finance and corporate lending from mid-2022 to early 2023, Karbon Commercial has launched several successful sales campaigns. The outlook remains strong into the following calendar year. The cost of capital will continue to weigh on market sentiment over the short to medium term.

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