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Following is the video transcript.
Commercial property investors are looking to logistics for growth and yield. This sector is expected to be the strongest performing over the next three years. In fact, property experts have forecast an average return of more than 9 per cent. Throughout the pandemic, we saw strong growth in the industrial and logistics sectors. Covid-19 household restrictions helped to accelerate consumers’ use of e-commerce. This in turn has driven demand for quality, well-located warehouse space for storage and freight operations.
Transport and logistics buildings often include sophisticated high-tech facilities. In Mount Gambier, commercial assets range from supermarket chilled food storage centres to regional hubs for goods storage and freight distribution.
Importantly, many companies with a base in a capital city are choosing to relocate their operations to regional areas where they can mitigate their rent and transport costs.
At Herbert Commercial, we have a sound knowledge of the varying industries that drive commercial property demand. If you have a vested interest in the logistics sector we’d welcome your call.
