Insights H1 2026 | 39 Leslie Simpson of Commercial Hobart says, “We have seen a noticeable increase in activity from around December 2025, and this is continuing into 2026. “It seems the market has anticipated no further interest rate cuts in 2026, and those that were waiting to do business have just got on with it.” That said, the full impact of the February rate hike has yet to be felt, and any further rate rises, should they eventuate, could add additional pressure, Leslie notes. “But for now, the early signs are promising, particularly with several infrastructure projects now underway. “Hobart’s planning Macquarie Point Stadium has now been approved,” adds Leslie, “And the commencement of site works will no doubt provide further impetus and confidence to Hobart’s commercial property market.” 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 $350-$500 $125-$230 $400-$1,000 Vacancy 1-3% 1-3% 6-8% Yields 6.5-7.5% 5.5-6.5% 5-6.5% Rates p/m² $3,500-$5,500 $3,500-$4,000 $3,000-$10,000 Current market conditions $7,000,000 14-18 Linear Court, Derwent Park Photo Confidential Recent Notable Transactions $170,000 p.a. + outgoings + GST 11A Lampton Avenue, Derwent Park LEASED Annisa Burns annisa.burns@hobart.rh.com.au SOLD
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