Melbourne industrial market to trough in 2009
Posted on Saturday, February 28, 2009 in CB Richard Ellis Group
Industrial property values have come under significant pressure in Melbourne, with prime yields having softened by almost 250 basis points in just 12 months.
However, prices and yields are forecast to stabilise this year before a period of gradual recovery, according to new forecasts from CB Richard Ellis. Further, Kevin Stanley said pricing had moved more aggressively in the industrial sector than any other area of the market. Read the rest »
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