Mid-year Mount Isa commercial property sales and leasing trends

2024 is already more than half over, so it’s a good time to look at commercial property trends in our market. Our specialist team at Jays Real Estate deals with Mount Isa commercial property buyers, sellers, landlords and tenants every day.

Commercial property sales

If you’re looking to sell or buy Mt Isa commercial property, then you should look no further than our team. We sell far more commercial real estate than anyone else in Mount Isa, as industry statistics clearly show.

Commercial property prices vary significantly depending on the property’s size, characteristics and potential uses. Some of our recent Mount Isa commercial property sales include:

  • warehouse, factory, office, and industrial space on Ryan Road with on-site accommodation.
  • a prime industrial land development site on Ryan Road.
  • warehouse, factory and industrial office space on Traders Way.
  • industrial sheds on Ryan Road with an on-site residence.

If you’re looking to buy commercial property in Mt Isa, you can view our current commercial property listings.

If you would like to find out about listing your Mt Isa commercial property for sale with us, you can get in touch with us.

Commercial property leases

Commercial property leasing agreements in Mount Isa vary significantly depending on a property’s size, characteristics and potential uses. Some recently leased properties for our Mount Isa commercial property clients include:

If you’re looking to lease commercial property in Mt Isa, you can view our current commercial property listings.

If you are a commercial landlord and would like to find out about how we can source high quality tenants for you and manage your Mount Isa property, you can get in touch with us.

The Mount Isa economy

The Mount Isa commercial property market depends heavily on the local economy. Traditionally, it has been driven by mining and mineral processing industries.

Although Glencore announced in late 2023 that it will close its copper mining operation in 2025, its copper smelter, lead zinc concentrator and lead smelter will all continue to operate, as will George Fisher Mine.

The Mount Isa City Council is also currently preparing an economic response plan to safeguard the city’s economic future. The plan will focus on six key areas:

  • Tourism
  • Energy
  • Resources
  • Critical infrastructure
  • Agriculture
  • Small and medium-sized businesses.

Projects that may be accelerated as part of the economic response plan include:

  • The CopperString high-voltage powerline project
  • The proposed transport and logistics centre
  • A common-user facility for critical minerals to process vanadium, cobalt, and low-volume copper
  • A renewable-energy industrial estate.

All of these projects have the potential to generate demand for Mount Isa commercial property in both the sales and leasing markets. Council’s economic response plan will be outlined in more detail soon.

Beyond mining, Mount Isa currently has a vibrant retail and service sector that caters to both residents and tourists. The city serves as a regional hub, offering a range of amenities including shopping centres, healthcare facilities, educational institutions and entertainment venues.

The tourism industry has also gained momentum, with visitors coming to explore the natural beauty of the surrounding region, including the stunning outback landscapes and the nearby Riversleigh World Heritage fossil site.

About us

Jays Real Estate has been Mount Isa’s premier commercial and residential real estate agency since 1981.

If you’re thinking about buying, selling, renting or leasing any Mt Isa property, or you need your property professionally managed, then contact our team today for an obligation-free chat!

We’d be happy to provide you with advice and to answer any property questions you have.

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