Brisbane CBD Office Figures Q3 2025

Key Points:

• Economic growth solid in Queensland off the back of improved household spending and infrastructure investment.
• Supply pipeline unchanged, with 360 Queen Street due for completion by the end of 2025.
• 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 increased by 2.9% q-o-q and 9.5% y-o-y, given the tight occupier market.
• There was one transaction in the CBD in Q3, being 63 George Street for $52 million. 
• Office prime yields were stable for the quarter, averaging 7.06%