Brisbane CBD Office Figures Q1 2025

Key Points: 

• Queensland economy remains in good shape, with solid population growth and infrastructure spend.
• There was no supply delivered in Q1, with two projects due by the end of 2025.
• Net absorption turns negative to -12,646 sqm in H2 2024
• Total vacancy increases slightly to 10.2%
• Prime effective rental growth slowed to 1.1% q-o-q and 7.1% y-o-y, as leasing activity slowed.
• $181 million of office assets transacted across the CBD and Near City in Q1 2025.
• Office prime yields were stable for the quarter, averaging 7.06%