Super prime CBD retail rents are on the rise again
Inside Retail
JULY 25, 2023
Super prime CBD retail rents have surged across Brisbane, Sydney, and Adelaide for the first time since the onset of Covid-19, according to a report by the CBRE. Adelaide recorded the biggest increase, with super prime rents up 7.4 per cent quarter-on-quarter to $3275 per sqm, the Australian Retail Figures Q2 2023 report shows. Brisbane was close behind with a 7.2 per cent quarter-on-quarter jump to $3595 per sqm, followed by Sydney with 1.5 per cent growth to $10,944 a sqm.
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