Commercial Market
Capital values in the commercial office space fell by 3.4 per cent to $5,753/sqm in September 2023. Net face rents remained at $297/sqm. Net rental yields stayed at 5.0 per cent over the month.
Capital values for the industrial sector rose by 1.0 per cent to $3,043/sqm and net face rents went up by 5.5 per cent to $95/sqm. Net rental yields fell by 0.2 percentage points to 4.5 per cent in September 2023.
Capital values for the retail spaces went down by 12.0 per cent to $5,938/sqm and net face rents stayed at $328/sqm. Net rental yields rose by another 0.2 percentage points to 4.7 per cent over the month.
