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Office market yields Australia 2019-2020 by city

The need for office space in Australia’s expanding cities has drawn investors to commercial property, with many wanting to cash-in on strong capital growth rates in the office segment. In 2019, the office yield rate in the central business district of Adelaide, Australia was around 6.5 percent. While this was the highest rate across all states in Australia, the yield rate was forecasted to decrease slightly to 6.4 percent during 2020. All cities were expected to have an office yield of at least 4.5 percent in 2020.

What is office yield?

In terms of commercial property, the yield represents the expected return on investment on a property. For investors, this is an important value as it indicates future income on an investment. Yield can be based on a property’s market value, annual income, and running costs. Capital growth, however, is not included in the calculation. The office yield was the lowest in Sydney. The vacancy rate in the CBD office market was also the lowest in Sydney compared to other major Australian cities.

Growth in the office segment

In 2019, Australia showed strong growth as a destination market for cross-border commercial real estate investment inflows in Asia Pacific. In the same year, transaction volumes reached a high in the office segment, with this segment also accounting for the highest share of foreign investment in commercial property. In addition, megadeals (greater than 400 million Australian dollars) reached a peak, solidifying the importance of the office segment in the commercial real estate industry in the country.

Office market yields in selected cities in Australia in 2019 with a forecast for 2020

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Source

Release date

February 2020

Region

Australia

Survey time period

2019

Special properties

CBD real estate

Supplementary notes

* Forecasted.

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Statistics on "Commercial property in Australia"

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