Key commercial property market trends

Key commercial property market trends

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Following is the video transcript.

Mount Gambier’s commercial property owners should not only look at local trends but also state-wide and national trends. These trends include growth in NGOs, NDIS service providers, and health and training sectors.

The Federal Government estimated within the Long Term National Health Plan that they would spend $467 billion by 2023. The report discussed increasing hospital capacity and improving health services, including added support for mental health. 

The South Australian Government’s last budget allocated $42 million for school and preschool upgrades, plus over $50 million for an early education program.

Legal services, both public and private, are showing signs of growth. As well as the ongoing supply chain interruption, we expect to see growth in the logistics sector. These trends and more should translate into demand for offices, warehousing and retail space.

At Herbert Commercial, ​​we understand a range of industry sectors and can anticipate future commercial building needs. If you have a commercial asset to lease, get in touch with us.

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