Albury Commercial Report 2nd Half 2026
Located approximately 550km south-west of Sydney, the City of Albury is a local government area (LGA) in the Riverina region. It is a vibrant region that includes towns like Albury, Lavington, Thurgoona, and Hamilton Valley. The city of Albury features a diverse economy including agriculture, manufacturing, and retail industries.
Commercial Sales
In 2026, which for this report captures sales data between 1st January – 30th June, the median sales price for commercial property was $3,081 per sqm. This is a more affordable price than 12 months ago ($3,886 in 2025); most likely due to uncertainties in the economy and lower business confidence in early 2026. This creates an ideal opportunity for buyers.
That said, 2026 price is 57.4% higher than in 2022. Further, there were only 5 sales in 2026, a significant decline in the past 12 months and 5 years. There is an undersupply of stock, creating a long-term foundation for future price growth.
Industrial Sales
The industrial median sales price was $1,656 per sqm in 2026, which has softened in the past 12 months. Like the commercial sector, this is due to economic uncertainty in early 2026. That said, prices remain 48.7% above 2022 levels, reflecting long-term growth.
Industrial transaction activity has decreased, with only 6 sales recorded in 2026. This is also the lowest number of industrial sales since 2022. Future supply is constrained, with only 1 industrial project on the schedule for completion in the 2nd half of 2026. This will not be sufficient to meet demand, compared to the number of sales each year.
Commercial Leasing
The median net lease rate for commercial property in Albury was $232 per sqm in Q2 2026, reflecting a -44.1% decline in the past 6 months (Q4 2025, at $415 per sqm) and a -7.2% decline in the past 12 months (Q2 2025, at $250 per sqm). Leasing activity has dropped to a historical low, with only 5 leases in Q2 2026, compared to the average quarterly 12 leases in the past 18-24 months.
Industrial Leasing
The median net lease rate per sqm for industrial property was $132 per sqm as of Q2 2026, representing an annual growth of 20.0% in the past 12 months (Q2 2025, at $110 per sqm). There was only 1 lease activity recorded in Q2 2026, which, like commercial leasing, was the lowest number leased in the past 24 months.
Projects Development
Albury will benefit from an estimated $1.15B of planned projects, to commence construction in 2025-2027. 171 major projects are proceeding, which is 95.4% of the original pipeline. This is a significant percentage, considering ongoing challenges in the construction industry. The majority planned are key infrastructure projects, which will improve liveability for residents.
There is a shift in development focus, from mixed-use ($85.0M) in 2025 to infrastructure ($602.7M) in 2026. This is also evident in project numbers, with mixed-use (24 projects) leading development activity in 2026 and infrastructure (15 projects) leading in 2027; supporting ongoing economic growth in the Local Government Area of Albury.
In the 2nd half of 2026, 54.6% of total project value is concentrated in the infrastructure sector. Major infrastructure projects include New South Wales Regions Signalling For Inland Rail ($15.0M) and Albury Animal Centre Redevelopment ($4.5M). A key mixed-use project is 77 Ceres Drive Factory ($6.0M), which will deliver both a factory and office space, adding industrial and commercial supply.
Only 2 residential projects are in the pipeline for the 2nd half of 2026: 473 Prune Street Dwellings ($1.5M, 6 dwellings) and 973 Mate Street Units ($708K, 4 units).
2 commercial projects are planned, including 525 Marshall Street Co-Living Housing ($600K) and 5/18 Ceres Drive Vehicle Repair Station Conversion ($300K). These projects are expected to support local investment and generate additional employment opportunities. Only 1 industrial project is in the 2nd half of 2026 pipeline: 79 Catherine Crescent Warehouses Extension ($350K). This may help to answer some leasing demand, however, is still not enough to cater for the market.
