Light industrial the pick of the crop in Wagga

The light industrial property market in the regional city of Wagga Wagga in south-western NSW, is at a five year high, according to Craig Tait, Director of Raine & Horne Commercial Wagga Wagga.

Demand is strongest for light industrial assets priced from $700,000 - $1.8 million such as an industrial warehouse at 72-76 Hammond Avenue that recently sold off-market. “Light industrial property demand is growing at a steady pace, especially where there are secure tenants and good investment returns available.”

 

The trades and construction industries are leading the charge for light industrial property in Wagga. “We have a good strong building sector in Wagga and it is growing at a steady pace.

 

“For example, Estella, a northern suburb of Wagga, is the second fastest growing suburb in NSW. Businesses in the building industry are benefiting from the development of Estella and have subsequently bought up some light industrial space to support their commercial expansions.”

Meanwhile, the rollout of the National Disability Insurance Scheme (NDIS) has increased demand for office space in Wagga. Craig adds, “The NDIS has also impacted demand for light industrial with providers to the NDIS such as wheelchair manufacturers buying and leasing space in Wagga.”

The market for vacant industrial blocks in Wagga has also collected pace, with developers leading the charge.

Why Raine & Horne Commercial?

Our full-service commercial real estate network can provide in-depth knowledge of local and regional property markets, with insight and understanding that comes from being a part of a long-established national and international property group. Committed to personalised service and achieving unsurpassed results, our clients continue to benefit from our network strength, which allows substantial cross-flow of international referral, advice and investment.

The Raine & Horne Commercial network is comprised of 100% owner-managed offices and includes numerous industry leaders and award winners. We employ agents who are empowered, encouraged to share and who maintain first rate communication to deliver the best possible outcome with every transaction. We pride ourselves on staying abreast of local and national trends and developments in the property industry, resulting in consistently cutting-edge services and holistic solutions for our clients.

Our industry experts embody and respect the family-oriented values synonymous with the Raine & Horne Commercial brand, allowing us to provide a complete range of professional services for all aspects of commercial, industrial, retail sales, leasing and specialist properties.