Brisbane CBD Office Figures Q2 2025

Key Points: 

• Queensland economy holding up well, with infrastructure spending maintaining a base level of demand
• 205 North Quay was delivered during the quarter, fully pre-committed to Services Australia
• Net absorption was strong at 27,473 sqm, leading all CBD markets in Australia
• Total vacancy increases slightly to 10.7%, prime vacancy stable at 8.0%
• Prime effective rental growth slowed to 1.0% q-o-q and 9.0% y-o-y, as backfill opportunities became available
• There were no major investment transactions in the CBD in Q2 2025
• Office prime yields were stable for the quarter, averaging 7.06%