26 | Queensland Joseph Grasso of Commercial Brisbane South says current average yields for industrial property are 5.5%. This rises to 5.75% for retail assets and 6% for office space. Joseph says the key drivers in the region are a desire to move away from flood affected areas, coupled with investors and owner occupiers taking advantage of the current low interest rate climate. He adds that strong demand for industrial property “doesn’t look like slowing down yet.” But notes, “Post-2022 we would expect that the market will return to a more normal demand/supply situation following multiple interest rate rises.” The team at Commercial Brisbane South have achieved some great runs on the board this year including the sale of 594 Boundary Road, Archerfield, a warehouse, factory and industrial complex, for $6.5 million. Another industrial property at 1436 Ipswich Road, Rocklea sold for $5.5 million. Joseph Grasso joseph@cbs.rhc.com.au Brisbane Southside
RkJQdWJsaXNoZXIy MTI3ODI1