Commercial Market
Capital values in the commercial office space went down by 7.2 per cent to $5,316/sqm in February 2024. Net face rents fell by 6.6 per cent to $269/sqm. Net rental yields stayed at 5.1 per cent over the month.
Capital values for the industrial sector saw a 3.2 per cent increase to $3,200/sqm and net face rents remained at $120/sqm. Net rental yields also unchanged at 4.0 per cent in February 2024.
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Capital values for the retail spaces rose by 4.6 | O per cent to $6,674/sqm and net face rents decreased by 8.8 per cent to $290/sqm. Net rental yields were unchanged at 5.0 per cent over the month.
