Commercial Market
Capital values in the commercial office space went up by 5.8 per cent to $5,831/sqm in October 2023. Net face rents rose by 3.0 per cent to $303/sqm. Net rental yields stayed at 5.0 per cent over the month.
Capital values for the industrial sector remained at $3,043/sqm and net face rents went up by 5.2 per cent to $100/sqm. Net rental yields were unchanged at 4.5 per cent in October 2023.
a 4.9
Capital values for the retail spaces stayed at $5,938/sqm and net face rents saw per cent decrease to $312/sqm. Net rental yields rose by another 0.3 percentage points to 5.0 per cent over the month.
