Raine and Horne Commercial

QLD - Gold Coast Michael Parisi of Commercial Gold Coast says yields on the coast range from5-6% for retail and 6% for industrial property, to 7-8% for office space. While Michael says the pandemic impacted themarket during April andMay 2020, it has gained strength, driven by historically low interest rates. Industrial property in particular is experiencing extremely lowvacancy rates coupledwith a shortage of stock that’s likely to put pressure on yields going forward. In the retail market, vacancies are around 5%, rising to 15% for office space. Recent sales include 58 Brooke Avenue, Southport, sold for $8.3million on a yield of 6%, and 23Marwarra Street, which commanded a sale price of $3.4million for a yield of 5%. 25 - Michael Parisi michael.parisi@rhc.com.au