Raine & Horne Commercial Brisbane Southside, led by the dynamic duo of Mr Joseph Grasso and Mr Nick Comino, has announced the listing of 11 diverse properties for sale and lease in one short week between February 17 and February 23. 

This development, in conjunction with their second office, Raine & Horne Commercial Bayside, located in Capalaba, highlights the strength of the commercial property markets in the inner southern suburbs of Brisbane, which has been partly fuelled by the first interest rate cut by the Reserve Bank of Australia since November 2020.

Mr Grasso highlighted the significance of these listings for owners considering a sale or leasing move, stating, “For quality properties that tick all boxes, the demand is still very high but for the balance of the market the time on the market is starting to be more normalised.”

“We have witnessed a price increase in both sale prices and rental rates per square metre, predominantly in the small to medium market segment where we specialise.”

According to Mr Grasso, there are several factors that have contributed to the recent surge in listings. “Some owners want to simply capitalise on demand in the market while others, perhaps older owners, want to redistribute their wealth or rebalance their portfolios,” he said.

He added, “If someone is listing a property for lease, it usually indicates either a replacement of their previous tenant or they can’t reach agreement with their existing tenant who may be on a month to month arrangement paying a lower than market rental.”

The reasons for selling can be varied according to Mr Grasso. “It might be an investor looking to profit take in the current market, or due to succession planning/wealth distribution amongst older investors.

“A marital breakdown can also trigger a sale, or it might be an owner-occupier seeking to expand their business or purchase a property rather than lease it. What we are not seeing much off is many sales under a distressed situation.” 

Despite the post-rate cut surge, Mr Grasso said industrial listings are still relatively tight compared to office and retail spaces.

“There is notable demand for industrial properties, particularly as buyers pivot away from retail and office spaces. Also, other owner-occupiers and investors are gravitating towards industrial spaces, primarily driven by the growth of e-commerce.”

The demand for industrial properties also reflects their competitive sales rates, which significantly undercut those of office and retail spaces. According to data from Raine & Horne Commercial, office spaces cost $4,000 to $5,000 per square metre in the Brisbane southside region, retail property rates are $5,500 to $6,000 per square metre, while industrial spaces range from $2,500 to $4,250 per square metre.

Strategies for generating listings

Raine & Horne Commercial Brisbane Southside’s success is largely driven by its customer-focused approach and commitment to relationship building and collaboration. Mr Grasso shared, “Our property management department is a critical element in incubating our future listings.

“Every new management relationship paves the way for future listings opportunities as owners and investors look to lease or sell. Our almost 100% management retention rate speaks volumes about the quality of service we provide.”

The culture at Raine & Horne Commercial Brisbane Southside and Raine & Horne Commercial Bayside also plays a vital role in achieving these successes. Mr Grasso highlighted, “It will always be about the people we bring on board. When you have talented individuals, great results naturally follow.” 

Moreover, Mr Grasso and his office continue to benefit from the innovative tools and services offered by the Raine & Horne Commercial group, including the first-to-market social media marketing platform Amplify and Raine & Horne Commercial’s National Auction program, which has sold over $100 million worth of commercial properties around Australia since November 2023. “These tools and products enhance our visibility and operational effectiveness,” Mr Grasso said.

As the local commercial property environment continues to evolve in Brisbane's southern suburbs, Raine & Horne Commercial Brisbane Southside and Raine & Horne Commercial Bayside remain committed to helping investors and owner-occupiers navigate these changes with professionalism and reliability. 

For all your commercial sales and leasing needs in Brisbane’s southern suburbs, contact Raine & Horne Commercial Brisbane Southside at 07 3216 6666 or Raine & Horne Commercial Bayside at 07 3245 1922.