Brisbane CBD office market yields around 7-8 percent for major deals: Savills

Brisbane CBD office market yields around 7-8 percent for major deals: Savills
Brisbane CBD office market yields around 7-8 percent for major deals: Savills

The Brisbane CBD saw six major sales with yields at a high 7-8 percent for most, as recorded by Savills in its Q4 2016 office market report, with yields remaining steady from the previous quarter for selected sales.

The highest yield was 8.53 percent for 348 Edward Street which had a net lettable area of 11,484 sqm and $4267 per sqm, according to Savills.

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Brisbane CBD office market yields around 7-8 percent for major deals: Savills

As for renting, the gross face rental for premium buildings was in a tight range of $795 to $855 per sqm, while for A grade it was between $600-$700 per sqm and B Grade was from $525 to $580 per sqm.

The highest paying tenant was Henry Morgan in the Brisbane CBD area with $810 per sqm for an NLA of 500 sqm at 123 Eagle St, data showed. 

Brisbane CBD office market yields around 7-8 percent for major deals: Savills

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Brisbane Office Market

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