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Both the industrial and retail markets continue to perform well where development is completed and buildings are considered safe. New development in suburban areas is accelerating and is expected to continue through 2014. However retail premises in the CBD remain limited and require further occupier interest before new developments can take place.
Suburban Prime industrial sit at around 0% - 5% with Secondary estimated at above 5%. Retail follows the same pattern. Rents and Yields have held steady over the last 6 months.
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13 March 2014