Softer interest rates will mean 'moderate decline' in commercial property yields – CBRE

Commercial property yields will remain close to current levels until later this year, followed by a “moderate decline” next year, CBRE believes. (Image: Getty)

Brent Melville

Thu, 21 Mar 2024

Prime commercial property prices have bottomed out, and the secondary market is close to that point as investors start to price in a likely dip in interest rates later this year.That's according to CBRE head of capital markets Brent McGregor, who claims that good-quality real estate “isn’t going to be worth less next year than it is now”.His prognosis comes amid wide expectations that interest rates will start tracking down in the coming months.That follows a hiatus after the Reserve Bank of New Zealand (RBNZ) pushed the o...

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