Brisbane fringe office markets strong

Brisbane fringe office markets strong
Brisbane fringe office markets strong

Brisbane’s western fringe strata office and retail market is strong in suburbs such as Milton and Toowong with some capital values found smilier to those in CBD investments.

Ray White Commercial head of research Vanessa Rader said premium assets in terms of location, size and access demand rents up in the $800 per sqm to $1,050 per sqm gross face range, with some achieving capital values in the region of $17,000 per sqm.

“Prime retail assets are more reasonably priced in the $8,000 per sqm to $12,000 per sqm range and are also strongly food or convenience driven tenancies in locations such as Sherwood Rd, Toowong,” she said.

"While some areas in the western fringe have a high vacancy rate, it’s a different story for a number of quality assets in Milton."

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Investment Office Market

Comments

Be the first one to comment on this article
What would you like to say about this project?