Raine and Horne Commercial

QLD - Southside &Bayside Joseph Grasso of Commercial Brisbane Southside reports yields ranging from 3.85-5.5% in the retail market, 5-6% across the office sector and 4.5-6.25% among industrial assets. Industrial property continues to experience high demand across Brisbane Southside with a vacancy rate of 6%, compared to 12% in the retail market and 15% for office space. Joseph explains, “Yields have firmed for the industrial market as this asset class is the most in-demand right now. Lower stock availability has seen sales and leasing rates on the move up.” In the retail market, Joseph says, “I expect there to be greater demand for retail property on the back of an increase in vaccination rates and the country coming out of lockdowns and COVID-19 restrictions.” 26 - Joseph Grasso joseph@rnhcommercial.com.au