23 Apr 2021
Vacancy levels increased as COVID-19 caused reduced demand and a shift in work practices, most relevant to CBD and City Fringe assets. Net effective rental rates are reducing as excess non-premium stock is absorbed. Major new-build intent has been pared back. Prime yields have been underpinned by the attraction of property as an asset class. View the infographic.
The retail sector suffered from COVID-19 disruption, with reduced in-store trading and increased online shopping. Vacancy levels have increased across all areas and rental levels are static or have reduced in some locations. A moderate increase in yield rates reflects reduced investor confidence in the retail sector. View the infographic.