EXPERT READY TO RISE TO THE CHALLENGE
COMMERCIAL property veteran Steve Clark is facing the future with a new agency and brimming with confidence despite considerable sector challenges.
Mr Clark has finished a two-and-a-half year stint at CBRE Gold Coast where he was director of its metropolitan investment properties team.
He has launched his own agency called Clark Property Partners, which he envisages will become a full service agency straddling both the commercial and residential sectors.
Mr Clark’s time at CBRE, which he joined after six years at Colliers, saw him successfully market, with Kyle Youngson, the Treasure Cove and Harbourside markets properties, which sold to National Storage for
$23 million. Other sales included neighbourhood shopping centre Helensvale Square, which sold for $4.65 million in 2016.
Mr Clark said while the market remained challenged, the Gold Coast was well positioned to weather the storm from COVID-19.
“A lot of it will depend on how the eastern seaboard can bring the second wave under control,” he said.
“The Gold Coast is doing well considering the absence of international tourists.”
He said industrial remained the “golden child” of the sector but retail was also showing signs of improvement.
“Retail has been under pressure prior to COVID-19 and that will continue,” he said.
“But saying that, retail and shopping centres are up 50 per cent (in traffic) compared to last year based on this pent-up demand left over from people staying home.”
Mr Clark said there were still some localised problems that the sector faced, but overall the Glitter Strip was in a sound position.