In the Spotlight: Your guide to commercial real estate in Canberra

Welcome to the Commercial Special Edition of Allhomes. It’s designed for investors – whether you’re a seasoned player or thinking of becoming one, this guide was made for you. If you sit in the latter group, we look at why you should consider investing in commercial property and how to get started.

We also take a deep dive into how the commercial market has fared in the capital. Harsh economic conditions plagued the commercial real estate industry as Canberrans worked from home or opted for a sea or tree change in recent years, thanks to COVID.

Despite this and the federal election, Canberra’s commercial market has trekked on.

This guide provides inspiration on why this market might be a consideration for those hoping to build their property portfolio:

• Canberra’s office market primed for a record-breaking year
• How Canberra’s office leasing market weathered the pandemic
• Why should you consider investing in commercial property in Canberra?
• A beginner’s guide to investing in commercial properties in Canberra

Here are some of our top pick of commercial properties for sale or lease:

Belconnen

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As a Belco resident, I’ve seen the Republic precinct transform in recent years. It’s welcomed a number of commercial tenancies, including Woolworths Metro, BZ Burger, Gong Cha & Hot Star, plus a recently opened coffee shop by the large public square – not to mention a 135-room hotel nearby and the residential apartments adjoining it.

But the mixed-use precinct provides plenty of opportunity for investors to swoop in and join the hustle and bustle, with multiple units available for either lease or sale.

Tenancies range from 79 square metres to 144 square metres with the opportunity to increase this to 600 square metres by combining multiple units.

Not only does the space boast high ceilings, but underground parking is available for both tenants and customers and it’s also close to other Belconnen hot spots including Westfield Shopping Centre.

For lease and sale

Agent: Ray White Commercial Canberra, Steven Shang 0411 374 432

Campbell

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Surrounded by Canberra’s most iconic landmarks, this location is one to be envied.

With just five commercial tenancies available at Koben, I’d suggest you run, not walk. Potential uses could be a cafe, restaurant, bar or convenience store.

For sale

Agent: CBRE Canberra, Tristan Cotchett 0432 642 315

Fyshwick

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With furniture retailer Fantastic Furniture a long-term tenant at this building, foot traffic will be healthy.

The property has long-term occupation with options until 2031 given the current tenant is completing an internal fit-out.

For sale

Agent: Barton Commercial Property, Brett Barton 0418 633 447