Gold Coast Office Figures Q4 2024

Key Points:

• Net absorption remains positive, although is below recent years with a lack of options for tenants to move to.
• There is a limited supply pipeline on the Gold Coast, given high construction costs and the capital markets environment is putting pressure on feasibilities.
• The Gold Coast vacancy rate remains one of the tightest in Australia at just 6.5%.
• Prime gross rents rose by 10.4% in the 12 months leading to Q4 2024. 
• Office transaction volumes declined on the Gold Coast in 2024, totalling $106 million for the year. This represents a 31% drop y-o-y.