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North Shore Office Warehouse users move West

Added on Tue 5 August, 2014, 9:54 am

Balmoral Partners have helped several major firms relocate from the North Shore to Rydalmere in recent months. These deals include Renz, Masterbind, Federal Batteries, Electro Group and Addlon. These companies moved from the North Shore where the highest and best use for their sites are commercial and residential. Barry Johnston of Balmoral Partners said the rents are 20-30% cheaper and the outgoings are half the price at Rydalmere. Parking is also a factor as congestion around the North Shore makes warehousing less of a proposition. Asking rents for institutional grade office warehouse space in Rydalmere is $135psm + GST and the outgoings are circa $30psm + GST.

Federal Batteries, Addlon