Bump in Demand from Construction sector

Townsville’s commercial real estate leasing market has enjoyed strong demand from the Construction sector in July 2019, according to the latest Leasing Report from Explore Property.

About 22% of the 42 leasing deals for the month were transacted with tenants in the Construction sector.  New building approvals across Townsville remain at a very low level, and much of the demand for space is coming from building contractors involved in the insurance reconstruction works.

These deals are showing lease terms of 12 to 18 months certainty and we anticipate the space returning to the market over the next two years.

 Jason Barrett


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