Brisbane Retail Figures Q2 2025

Key Points:

• Queensland recorded $7,722m retail sales in May 2025, representing a 4.1% increase y-o-y.
• New floorspace added to the market in Q2 2025 totalled c.9,900 sqm, down from the c.12,100 sqm completed last quarter.
• Brisbane’s CBD retail vacancy decreased in H2 2024 by 68 bp to 18.5%.
• Net face rents have continued to increase across all retail categories in Q2 2025, largely driven by limited new supply.
• A total of $106 million of investment sales has been recorded in Q2 2025 (for sales > $5m), representing a slight reduction from the $459 million recorded in H1 2024.
• Retail yields tightened across all asset classes, except for super prime CBD, which remained stable. Regional, sub-regional and neighbourhood yields tightened by 2.5 bp, 11.5 bp and 7.5 bp, respectively, while LFR yields compressed by 5 bp.