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South Sydney flagged as emerging commercial hot spot

An increasing number of small businesses are basing their offices closer to employees, as the state emerges from lockdown fatigue, according to property expert and Urbis Regional Director, Princess Ventura.

Ms Ventura, who will feature in the upcoming Dye & Durham, Future Property & Development Insights Virtual Roadshow Series, said some businesses were spreading their operations across multiple offices to improve the work/life balance of employees.

“What we are seeing is the growth of the suburban market, particularly in South Sydney,” Ms Ventura said.

“Suburbs like Alexandria, Mascot and Green Square are attracting more interest in commercial and industrial
properties than previously.”

This was due to a number of factors, she said.

“But the correction of the labour market has influenced many companies to set up closer to where their workers actually live, to give them access to public transport and ensure more life balance.”

Ms Ventura added other centres like Parramatta, Liverpool and Campbelltown, were also seeing growth in commercial property, having gained a huge amount of interest over the past few years.

“While there are some shifts away, this hasn’t translated to larger enterprises who are still based in the
CBD but a need for additional office locations,” she said.

Ms Ventura said the residential apartment market could also expect more action in the near future,
following a relatively flat few months compared to the housing space.

“With the opening of international borders expected soon the return of migrants to Australia will boost
demand for apartments in Sydney significantly,” she said.

To hear more about what is in store for Sydney real estate and development, NSW property legal and
property development professionals can sign up to attend the virtual roadshow.

Dye & Durham Managing Director, Peter Maloney said the event would bring together a number of real
estate, development and property professionals to outline all that is in store for the market into 2022.

“The industry has been through a huge amount of change over the past 12 months. This event is an
opportunity to come together, realign our thinking and learn from the experts to prepare for the year
ahead,” Mr Maloney said.

Mr Maloney will host the event alongside Dye & Durham Executive General Manager of Software
Solutions, Jack Mead and Matter Centre Manager, Ajitpal Kaur.

Event attendees are eligible to claim 1.5 CPD units toward their practice management and business
skills for participating in the seminar.

Event details:
Future Property & Development Insights Virtual Roadshow Series
Thursday 18 November
12pm to 1.30pm AEDT
Register here

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Nicole Madigan

Nicole Madigan is a freelance journalist for Elite Agent.