b'2021 in ReviewSt George and Sutherland ShiresIndustrial sector showed strong levels of growth with momentum continually building throughout 2021 and isshowing no signs of slowing down.Record low vacancy rates and high demand for the previous year, totalling circa $145 million in sales commercial stock from both owner-occupiers andvalue, with a 70% increase in CPGs average sale price. investors alike, underpinned by all-time low interestCPGs rental prices saw a more modest increase of rates have provided excellent conditions within the10% from the average rental price equating to $10.5 marketplace for the commercial sector to go frommillion in CPGs transacted gross rental value, 30% strength to strength.increase from the previous year. The excellent market conditions seen in 2021 coupledSeller and buyer confidence in auctions remained with increasing property prices produced tremendousstrong with a clearance rate of 80% and auctionmotivation for both owner-occupiers and investors,continuing to be the most popular method of sale.in a locally driven marketplace consisting of people2021 saw the CPG Sales & Leasing team achieve over working and living within the same area, to use up300 transactions within the St George & Sutherland unrealised equity that has grown exponentially to Shire market, translating to an impressive 30% relative upgrade their business premises or increase the valueshare of sales and 22.5% relative share of leases in of their portfolios. The majority of small businessthe market*.owners werent as affected by the COVID-19lockdowns as previously experienced in 2020 and CPGWith enquiry levels in January continuing to be strong,saw a lot of business owners take the opportunity toCPG predicts these trends to continue in 2022.expand and grow their business, due to increasingIf we can help with any of your future commercial real value of stock.estate needs in the future, feel free to contact us at CPGs transaction data shows the industrial sectorany time. remained the strongest sector within the commercial marketplace in 2021 representing 40% of all sales and leases within the St George & Sutherland Shire, followed by office at 29%, retail at 16% and followed closely by storage and parking at 15%.Suburbs CPG saw the most activity and transactions taking place were Caringbah, Peakhurst, Miranda,Hayden BennettKirrawee, Kogarah and Hurstville. CPGs volume ofManaging Directortransacted sales saw a vast increase of 145% fromCPG 2021 Highlights305 2,111 6,586 84,750mTRANSACTIONS INSPECTIONS ENQUIRIES TOTAL AREA TRANSACTEDAll sizes are approximate*Data sourced from CPG general market intel, RP Data and Realcommercial.com.auSt George & Sutherland Shire|Page 7'