Insights H1 2025 | 53 Leslie Simpson of Commercial Hobart says interest rate stability continues to drive higher yield expectations among many purchasers. Leslie has observed a “noticeable increase in investors acquiring high-yielding opportunities ahead of expected interest rate cuts in the first half of 2025.” Hobart’s retail and hospitality markets continue to experience challenging times albeit with increasing enquiry from large format developers. The city’s office sector remains stable, whilst the industrial sector continues to thrive after a slight plateau in values and demand between September and October 2024. Major infrastructure projects including the Bridgewater Bridge replacement and the proposed Hobart CBD Stadium continue to generate enquiries and market activity in the immediate surrounds according to Leslie. Leslie Simpson leslie.simpson@rhc.com.au Hobart Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $300-$350 $250-$300 $450 Vacancy 12% 1.5% 7% Yields 7.5% 6% 4% Rates p/m² $6,500 $1,350 $7,000 Current market conditions Confidential 115 Kennedy Drive, Cambridge Recent Notable Transactions SOLD Confidential 349 Elizabeth Street, North Hobart LEASED Annisa Burns annisa.burns@hobart.rh.com.au
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