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The Tasmanian commercial property market continued to exhibit solid transactional activity throughout June, with strong interest from both local owner-occupiers and national developers, particularly in the industrial and retail sectors. In the North, Invermay and Mowbray remained standout precincts, with multiple retail and industrial assets transacting. Notable deals included the $8.1 million sale of 80…
Commercial property activity across Tasmania remained buoyant throughout May, with investor interest spread evenly across the retail, industrial, development, and office sectors. Notably, the Southern region continued to dominate transactional volume, particularly in the industrial and retail markets, while the North and North West also registered a solid run of sales across mixed-use and development…
April saw steady momentum in Tasmania’s commercial real estate market, with strong demand across industrial, development, and retail sectors. Investor appetite remained robust in the North West, where assets in Burnie, Devonport, and Quoiba were actively traded. These included multi-tenanted retail holdings, light industrial warehouses, and development sites, reflecting a growing focus on value-add and…
March saw strong momentum across Tasmania’s commercial property market, highlighted by significant transaction volume and diverse buyer activity. The landmark off-market sale of 22 Elizabeth Street & 103 Macquarie Street in Hobart, underscored continued appetite for high-quality office assets with a number of competitive offers. The property, that is predominantly leased to the Department of…
Elders Commercial is proud to provide Tasmania’s first market wrap for the commercial real estate market. The Commercial Market Wrap is your go-to resource for the latest trends and key transactions shaping the state’s commercial property market. The report provides a comprehensive summary of recent sales activity across industrial, retail, office, and development sectors, offering…
According to the Property Council of Australia’s (PCA) Office Market Report (February 2025), Hobart has the strongest capital city office market in the country for the fifth year in a row with a vacancy rate of a mere 3.6% slightly up from 2.8% last year. It is well clear of any other capital city market…
Unlocking Opportunities in Tasmania's Commercial Property Market
The Tasmanian commercial property landscape continues to evolve, offering diverse opportunities across retail, office, industrial, and tourism sectors.
The 2024 Elders Commercial Market Report dives into key developments, transactions, and trends shaping these dynamic markets. Here’s a snapshot of what’s happening across the state: