Via the AFR:
Commercial property returns across offices, malls and warehouses will halve over the next five years as weaknesses in leasing markets are “exposed” and rising bond and interest rates push down property yields and values, a new report says.
In Sydney, total returns generated from office investments are forecast to fall from an average of 18 per cent per achieved over the past five years, to just over 8 per cent between now and 2023.
