Hey Gav, the way I see it if you're just storing a car somewhere and can't work on it, it may as well be a few hours away so it's as cheap as possible. There are exceptions to this, but I figure those people generally have enough money to store the car on their own property, or that many cars so money also isn't that much of an issue. Unless you're talking really close to a bunch of highrise apartments which might be planned for southland?
There's a few motorbike places around doing a general 'shared workshop' space, obviously easier for them due to the size of a dismantled bike vs a dismantled car. So not sure how a car version would go.
ie http://www.kustomkommune.com.au/ http://www.benzinagarage.com.au/and shared woodwork / lasercutter / cnc places like http://www.normwarehouse.com.au/ https://www.spacetankstudio.com.au/
I dream of buying a warehouse in a nearby residential street, but realistically it seems like it'd be cheaper for me to buy a house with around double the land size and just have a large garage - likely more convenient with kids etc anyway as can "watch them"
I agree the market has to crash at some point, but I can't see that crash bringing prices back to where they were 10 years ago. I'm guessing in a crash a solely commercial property would be hurt more, as businesses shut down before people live on the street? On the plus though commercial properties normally have longer leases?