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.
Brisbane CBD’s vacancy rate, like other major markets continues to rise, increasing from 12.9% to 13.6% over the six months to January 2021. New workplace practises have seen tenants revaluating their current office size requirements moving forward.
To overview Brisbane’s Industrial market, we’ll look to the city’s southside where Net Face Rents remain consistent at $120sqm.
The Covid-19 pandemic damped economic growth and migration to Brisbane and to other parts of Queensland. Boarder closures and trading restrictions during the pandemic impacted consumer behaviour and growth within the retail sector. Whilst the impact of Covid-19 was felt by many retailers, some sectors such as the large format retail, super markets and neighbours centres were resilience during this period.
10 Eagle Street
Brisbane City QLD
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+61 7 3051 0218