What suburbs are surrounding the Sydney CBD?
Sydney CBD is surrounded by suburbs like Surry Hills, Woolloomoolloo, Darlinghurst, Pyrmont, Ultimo, Redfern and Chippendale. These fringe suburbs, whilst not in the centre of Sydney city, are increasingly popular in the commercial property circuit particularly for cafes, restaurants, warehouses, creative agencies, bars and much more.
For example, even though Surry Hills is well-known for its residential property market, there is a growing demand for retailers, eateries, boutiques and other commercial properties in Surry Hills to accommodate for its rise in popularity. Because of its liveliness, nightlife and culture, investing in or leasing out commercial properties in Surry Hills offers secure returns in an excellent part of town. Commercial properties in Surry Hills is also common for creative agencies like design firms and warehouses that require an affordable and spacious property to accommodate for their various business needs.
But whether you want to open up a business or invest in commercial properties in Surry Hills, always speak to property experts like Tim Green Commercial before taking the plunge. It could save you thousands.
What are the benefits and disadvantages of these areas against the CBD for commercial property?
Some benefits to consider are:
· Local demographic. Commercial properties in Surry Hills, Pyrmont, Ultimo and other CBD fringe areas are close to residents who generously support local and small businesses like cafes, restaurants and boutiques. So leasing or buying commercial properties in Surry Hills and other nearby suburbs is a great start for newer or growing businesses.
· Creative hub. Commercial properties in Surry Hills, Darlinghurst, Alexandria, Chippendale and other areas outside of the CBD are popular with creative agencies like design, galleries, advertising, media, publishing firms. These areas also attract creative types like artists and designers, so buying or leasing commercial property in Surry Hills or Paddington is a great for smaller boutique-style businesses
· Spacious. Commercial properties on the fringe of the CBD offer a lot more space than those in the CBD. Properties in Surry Hills, f1000or instance, include large warehouse offices to suit any growing business, and the surrounding precint also offers a more relaxed environment compared to CBD office blocks.
· Price. While residential real estate is quite expensive, commercial properties in Surry Hills, Pyrmont or Darlinghurst, are generally a lot cheaper than CBD commercial property. This of course differs from property to property, so enquire about commerical properties in Surry Hills or other fringe areas with property experts like Tim Green Commercial.
· Best of both worlds. Investing in or leasing out commercial properties in areas such as Surry Hills, Woolloomoolloo or Ultimo offers you time out from the hustle and bustle of the CBD, while staying close enough to the centre of Sydney. While the CBD is corporate and fast-paced all the time, and more suburban areas are generally quieter, CBD-fringe suburbs offer you the best of both worlds.
There are also disadvantages to bear in mind:
· Less choice. Unlike the CBD, there is less choice as most properties in the city fringe are residential.
· Less convenient. Depending on where you travel from, it can be harder to get to CBD-fringe areas, especially if the area relies heavily on public transport like buses. Always research and get expert advice to see how commercial properties suit your business. · Less exposure. Compared to those in the CBD, your business may not get the same exposure if it’s situated in a quiet CBD-fringe suburb like Alexandria or Chippendale. This is different for commercial properties in Surry Hills or Paddington, where traffic is considerably higher, however, if you plan to lease or buy an office space, this kind of exposure may not affect you.
Where can I find commercial property online?
Whether it’s commercial properties in Surry Hills, Redfern, Pyrmont or Ultimo, established agencies like Tim Green Commercial can help you find the best commercial property for businesses or investors alike. Find the latest listings in Sydney, browse through properties according to price, size or suburb, or simply contact Tim Green Commercial for commercial property advice at tgc.com.au.
This article was brought to you by Tim Green Commercial - Commercial property near the CBD.
By: TGC Commercial Real Estate
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