Commercial Market Update – South Sydney Cityscope

The latest research from South Sydney Cityscope shows property sales for the quarter have decreased in terms of total value. While the total number of sales for the quarter to September 2015 has increased from 82 to 88 when compared to the previous quarter, the total value is down from $272.9 million to $158.5 million. The yearly total value of sales has decreased from $1.33 billion for the year to September 2014 to $1.115 billion for the current year, although the total number of sales has increased from 242 to 390. In fact, the $158.5 million total value for this quarter is the lowest for the last eight updates of South Sydney Cityscope.

The tale below shows sales recorded for the past eight updates of South Sydney Cityscope.

South Sydney Cityscope Quarterly Sales

Some notable sales in the September 2015 update of South Sydney Cityscope include:

  • A complex of seven industrial units with three high clearance warehouses and parking for 130 vehicles at 154 O’Riordan Street, Mascot, which sold for $32 million;
  • A two storey office building with a high-clearance warehouse to the rear at 86 Bourke Road, Alexandria, which sold for $19 million; and
  • A high clearance brick warehouse and a three-storey warehouse and office building at 1 – 9 William Street, Alexandria, which sold for $10.15 million.

Properties for sale in South Sydney Cityscope in September 2015 include:

  • Two warehouses both with two level office extensions and parking for 30 vehicles on a 11,470-sqm site at 1 – 3 Ricketty Street, Mascot, available through Knight Frank;
  • Two high clearance warehouses with two level office extensions and parking for 79 vehicles at 683 Gardeners Road, Mascot and 671 – 675 Gardeners Road, Mascot, available through Colliers International.

South Sydney Cityscope Quarterly Sales graph

Leasing opportunities in the September 2015 update of South Sydney Cityscope include:

  • A complex of ten high-clearance brick warehouses at 1A Hale Street, Botany, which has industrial space of up to 44,600 sqm for lease, available through Colliers International South Sydney;
  • Alexandria Creative Park, a business precinct of ten commercial buildings with parking for 218 vehicles at 41 – 43 Bourke Road, Alexandria, which has office space of 350 to 11,000 sqm of office space for lease, available through Link Property Services; and
  • Botany Grove Business Park, a complex of five high-clearance warehouses with mezzanine offices and parking at 14A Baker Street, Banksmeadow, which has warehouse and office space of 2,033 to 7,524 sqm for lease, available through Colliers International Sydney South and Goodman International.

CoreLogic RP Data Commercial


Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic RP Data products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope.


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About Commercial Research

CoreLogic RP Data Commercial Cityscope is a web-based service. Access is sold by geographic regions (Cityscope areas). There are 25 geographic regions across Australia (three in New Zealand), clustered around the cities of Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra and Newcastle. Darwin and Hobart CBD centres aren’t covered. Cityscope Areas in NSW and QLD also include lease expiry data for the most complete commercial coverage available. For more information call 1300 734 318.

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