Podcast
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15 MINUTES
MATT O’DEA
With Rob Langton
DIRECTOR: FACEY PROPERTY
For this month’s edition of TPDR, we sat down with Matt O’Dea, Director of Facey Property to discuss Melbourne’s industrial & commercial property markets. THE STATE OF MELBOURNE’S COMMERCIAL AND INDUSTRIAL MARKET
Matt, great to have you on the program - what are some of the key themes you’re seeing across the market currently. Look, obviously, industrial property has clearly been the darling of the commercial property landscape over recent years. We’re very fortunate to be out here in the South-East of Melbourne in Dandenong, which obviously is one of Australia’s largest pockets for industrial real estate. So, geographically we’re well positioned. We’ve probably seen right across the board occupiers, investors and interstate buyers having a high level of activity in the industrial market. It’s all just limited, frankly, by supply, probably 1000 to 10000 square metres is most highly sought after. We’re seeing a little bit of softening underneath that just in very recent weeks. And that by profile, is obviously most affected by some of the lending conditions that are out there now. Where are you seeing opportunity for developers or investors? Are there still opportunities to get into the market at a reasonable price? There are opportunities - I think the fact that we have this caution around interest rates has led to
20 – April / May 2023
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