Brisbane Retail Figures Q1 2025

Key Points:

• Queensland recorded $7,617m retail sales in February 2025, representing a 3.7% increase y-o-y.
• New floorspace added to the market in Q1 2025 totalled c.12,100 sqm, down from the c.15,600 sqm completed last quarter (excludes non-metro).  
• Brisbane’s CBD retail vacancy decreased in H2 2024 by 68bp to 18.5%.
• Net face rents have continued to increase across most retail asset classes in Q1 2025, largely driven by limited future supply.
• A total of $356 million of investment sales has been recorded in Q1 2025 (for sales > $5m), representing a 25% increase compared to the same period last year.
• Retail yields were unchanged across all asset classes in Q1 2025. Average yields are currently at 5.25% for CBD super prime, 5.98% for regional centres, 6.88% for sub-regional, 5.88% for neighbourhood and 6.88% for large format retail.