Commercial Market
Capital values in the commercial office space went down by 0.4 per cent to $5,731/sqm in December 2023. Net face rents fell by 2.0 per cent to $288/sqm. Net rental yields rose by 0.1 percentage points to 5.1 per cent over
the month.
Capital values for the industrial sector saw a 2.0 per cent increase to
$3,007/sqm and net face rents went up by 20.1 per cent to $120/sqm. Net rental yields fell by 0.5 percentage points to 4.2 per cent in December 2023.
Capital values for the retail spaces fell by 2.5 per cent to $6,580/sqm and net face rents decreased by 7.6 per cent to $318/sqm. Net rental yields were unchanged at 4.9 per cent over the month.
