For Tenants: National Industrial and Commercial Property Trends

Phil Levesque, FAL Property Group, QLD:

“As a tenant, the advice for 2025 is start looking quite early, in fact, a lot earlier than you would normally do. There’s still a lot of competition out there. There’s still low levels of stock, so if you’re at lease coming up to an expiry, start very early. Alternatively, if you want to stay on your premises, I would in the same breath, start talking to your landlord very early so that if negotiations fail, you still have a little bit of time of your sleep to actually go out to the market and find something.”

Chris Chesky, MLV Real Estate WA:

“Our advice for tenants moving into 2025 is to be strategic with stock level still at record lows. Don’t try and negotiate too hard upfront on things like incentives. Perhaps try and incorporate a market review into your negotiations.”

Artie Kalpidis, Link Property Services NSW:

“Market is providing more opportunities given the increased level of availabilities, so now is a good time to lock in a longer term deal given them more favourable conditions. For tenants, we expect rents will hold their current positions for now, however, these will be determined largely by the level of business confidence next year impacted by the inflation and interest rate cycle likely to be impacted by the new Trump administration’s trade policy.”

Matt O’Dea, Facey VIC:

“For the first time in a while, tenants are in a much better position to negotiate. A grade stock is still going to be highly sought after and competed for. However, I’d suggest it talks to your preferred ICP agent and work through the choices available and we can also talk to you about some off market opportunities. We are here to achieve the best outcome for you.”