The Hobart Commercial office market contains over 330,000 sqm of office space and is one of Australia's smallest commercial districts. Office space can be rented for under A$200 per square metre per annum and, in terms of investment, achieves yields around 12% and can be purchased for approximately A$900 per square metre of building area. Industrial property can be purchased for around A$500 per square metre of building area or rented for A$60 per square metre per annum. Investment yields vary around 13%. Hobart's has a limited hotel market with eco-tourism a major feature in the rural areas. The median residential house price in Hobart is only A$1105,000
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