We have been servicing our clients' increasing commercial property requirements in the Brisbane market for many years. In 2018, we joined with Brisbane-based specialist retail tenant advisory firm The Leasing Department to expand our national offer geographically as well as into the retail sector.
With a population of over two million people, Brisbane has some of the best economic prospects in the developed world. A global hub for mining and associated service sectors, it is home to a number of large resources and energy companies.
The Brisbane CBD has record vacancy rates falling from 14.7 to 13.0 percent in the six months to January 2019 – the largest drop of any state capital. Total stock in the Brisbane CBD is just over 2 million sqm. Tenant demand saw 25,192 sqm absorbed over the last six months.
To overview Brisbane’s Industrial market, we’ll look to the city’s southside where Net Face Rents remain consistent at $118sqm.
Economic recovery and interstate migration continue to grow in Brisbane and South East Queensland with an increase in tourist arrivals assisting retail trade in Brisbane and the Gold Coast. Investor demand has outgrown supply for Queensland neighbourhood centres, highlighting the strong retail growth.
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Brisbane City QLD
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