Brisbane’s CBD office market is at its lowest vacancy rate since the Global Financial Crisis.
In this exclusive TUD+ members-only webinar, Caden Office Leasing director Lewis Harper shares insights into the fundamentals underpinning leasing deals in one of Australia’s most robust CBD office markets.
Harper discusses the performance of specific market segments, and points to an ongoing shortfall in the A and Premium-grade office space.
Harper says it is already at or below a 5 per cent vacancy rate but there is not enough supply to accommodate demand for space, and limited new projects coming online in the River City CBD.
And the fundamentals are strong for the Brisbane CBD’s office market with a widening gap between population growth and new office stock.
“CBD vacancy is going to tighten significantly. There’s simply not enough stock being developed in the Brisbane CBD to keep up with tenant demand,” Harper says.
This would have a flow-on effect for the B-grade office assets within the city’s CBD, he said.
