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- Development activity remains substantially pre-commitment based with commercial construction relying on a major anchor for a project to get underway.
- A significant increase in capital seeking metropolitan based assets whether small or large in value, and with an increased risk profile.
- Vacancy has tumbled to 7.2%, the lowest in nearly 15 years. The anticipated upcoming period of lower vacancy is a precursor to notable rental growth.
- A shortage of A Grade supply has emerged for the smaller tenancy sector (200-300sqm), and a shortage of warehousing in business parks in particular.
- The $2 Billion Northern Beaches Hospital and associated road network is significantly progressed with residential and medical related construction anticipated to boom in the surround during 2017-2018.
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