Commercial Market
Capital values in the commercial office space went up by 0.2 per cent to $5,375/sqm in April 2024. Net face rents fell by 1.1 per cent to $266/sqm. Net rental yields stayed at 5.1 per cent over the month.
Capital values for the industrial sector rose by 0.4 per cent to $3,213/sqm and net face rents rose by 3.6 per cent to $125/sqm. Net rental yields increased by 0.3 percentage points to 4.5 per cent in April 2024.
Capital values for the retail spaces saw an increase of 10.7 per cent to $6,573/sqm and net face rents went up by 2.8 per cent to $292/sqm. Net rental yields were unchanged at 5.1 per cent over the month.
