Listing Levels of Commercial Property For Sale and For Lease in Osborne Park, December 2012 – June 2013
So that we can keep our fingers on the pulse and quickly identify an increase in supply or shortage of commercial real estate on the market – we track and record the For Sale and For Lease listings of key commercial areas in Perth on a weekly basis.
Here are the figures we’ve tracked (on a weekly basis) (taken from www.RealCommercial.com.au) for commercial listings in the area of Osborne Park over the last 6 months or so.
For Sale Listings Osborne Park
Highest number of For Sale listings
Date: 11th December 2012
Quantity: 41 Commercial properties For Sale in Osborne Park
Lowest number of For Sale Listings
Date: 10th June 2013
Quantity: 31 commercial properties For Sale in Osborne Park
For Lease Listings Osborne Park
Highest number of For Lease Listings
Date: 18th March 2013
Quantity: 138 commercial properties For Lease in Osborne park
Lowest number of For Lease Listings
Date: 14th January 2013, 3rd February 2013, 18th February 2013
Quantity: 121 commercial properties For Lease in Osborne Park
What do these figures tell us?
These figures give us some key insights into the commercial property market in Osborne Park and how it’s performing now, but more importantly, it puts us in a very powerful position to identify any substantial changes to the listing levels.
Overall you can see that commercial real estate For Lease listings in Osborne Park, as per RealCommercial.com.au, have remained relatively constant for the first half of 2013.
For Sale listings in Osborne Park have displayed a reasonable level of fluctuation. Peaking at 41 properties on the market in December of 2012, and dropping to 31 as of 10th June 2013.
This is a great sounding board to use for gauging oversupply or undersupply, therefore a powerful tool to use when appraising the market value of commercial property in Osborne Park.