Victoria | 37 Across Brunswick, retail property is yielding 5-6%, office assets 6-7% and industrial property is delivering yields of 4-5%. These yields are expected to remain stable, with the exception of office yields, which are forecast to fall. TimFrlan of Commercial Brunswick says low interest rates are the main driver of activity in the area. Vacancy rates in the Brunswick area range from a tiny 2% among industrial assets through to 7% for retail space, and as high as 12% for office property. Current average yields are in the order of 5-6% for retail assets, 4-5% for industrial, and 6-7% for office space. Commercial Brunswick have achieved a number of sales/leasing successes recently including the sale of 787 Sydney Road, Brunswick, a retail premises that sold for $4.5 million with vacant possession to an owner occupier. Tim Frlan tim.frlan@brunswick.rh.com.au Brunswick
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