Cranes standing tall in our skies! A review of Newcastle's Resilient Property Market in 2024 & Predictions for 2025

Cranes standing tall in our skies! A review of Newcastle's Resilient Property Market in 2024 & Predictions for 2025

Welcome to the latest episode of Newcastle Unlocked!

Join host Brent Sinclair as he sits down with Matt Shaw, Head of Valuations, and Dan Barry, Director of Industrial here at Knight Frank Newcastle, to review the remarkable resilience of the Hunter's commercial property market in 2024. Despite the challenges posed by elevated interest rates, the market has shown stability with industrial properties yielding between 5.5-6.5% and office buildings returning between 6.5-7.25%. Tune in as they discuss key market indicators, standout transactions, and the return of cranes to the Newcastle skyline, signalling renewed optimism for major projects.

In this episode, Brent, Matt, and Dan also explore the opportunities and challenges that lie ahead for 2025. They delve into proactive strategies for landlords, the performance of industrial investments, and the impact of rental reversion on property values. Whether you're a seasoned investor or just curious about the commercial property market, this episode offers valuable insights and predictions for the coming year. Don't miss out on this comprehensive market analysis and expert discussion

Find Knight Frank Newcastle at:

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Knight Frank Website

Videography & editing courtesy of BC Images

Instagram

BC Images Website

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