> **来源：[研报客](https://pc.yanbaoke.cn)** # Brisbane Industrial Market Summary - Q1 2026 ## Core Market Overview The Brisbane industrial market has shown a notable improvement in vacancy levels over the past six months, with a significant decline of 80,194sqm in Q1 2026, bringing the overall vacancy rate down to **4.5%**. The **Trade Coast** precinct recorded the largest drop in vacancy, decreasing by 63,958sqm to **2.6%**. This decline is attributed to a mix of prime and secondary market absorption. Despite this, prime vacancy remains higher than secondary at **5.3%** versus **3.6%**, respectively. Rental growth re-accelerated in Q1 2026, with **prime net face rents** increasing by **4.0%** and **secondary net face rents** rising by **4.2%**. Annual growth for prime rents reached **10.1%**, while secondary rents saw an annual increase of **6.8%**. Prime incentives eased slightly to **12.35%**, a decrease of 25 bps from the previous quarter, but still remained **66 bps higher** year-over-year. Leasing take-up in Q1 was **161,554sqm**, which is **below the 5-year average** but indicates steady demand in the market. Prime yields increased by **8bps** to **5.97%**, while secondary yields rose by **11bps**. The market is influenced by **uncertain global sentiment**, which has slowed transaction activity and may impact Q2 performance. ## Market Indicators by Precinct | Precinct | Prime Net Face Rent ($/sqm) | % Change q/q | Land Values <5,000 sqm ($/sqm) | Land Values 1-5 ha ($/sqm) | Vacancy (sqm) | Vacancy Rate (%) | Take-up (sqm) | Prime Core Market Yield | |----------------|----------------------------|--------------|-------------------------------|-----------------------------|----------------|------------------|--------------|--------------------------| | Trade Coast | 225 | 4.7 | 1,433 | 931 | 105,088 | 2.7 | 75,668 | 5.72% | | Northern | 190 | 2.7 | 1,180 | 663 | 69,788 | 4.0 | 15,266 | 5.93% | | South | 169 | 2.0 | 865 | 662 | 214,350 | 4.6 | 39,834 | 6.00% | | South West | 173 | 3.6 | 850 | 688 | 183,169 | 5.5 | 18,921 | 6.09% | | South East | 178 | 9.2 | 1,050 | 715 | 119,234 | 6.9 | 11,865 | 6.13% | | Brisbane | 187 | 4.4 | 1,075 | 732 | 691,629 | 4.5 | 161,554 | 5.97% | ## Recent Significant Tenant Commitments - **Victaulic**: 14,185sqm at 31C Charles Ulm Pl, Eagle Farm (Trade Coast), Pre-Com lease, net rent **$195/sqm**, 10-year term. - **AMC Parts**: 12,390sqm at 5A Mapletree Logistics Park, Crestmead (South), Spec lease, net rent **$155/sqm**, 7-year term. - **EasyAuto123**: 14,263sqm at 448 Nudgee Rd, Hendra (Trade Coast), Existing lease, net rent **$165/sqm**, 5-year term. - **Cars 24**: 10,122sqm at 973 Fairfield Rd, Yeerongpilly (South), Spec lease, net rent **$185/sqm**, 5-year term. - **Platypus Graphics**: 8,584sqm at 64 Brickyard Rd, Geebung (North), Spec lease, net rent **$200/sqm**, 5-year term. ## Recent Significant Sales | Property | Precinct | Price ($m) | GLA (sqm) | $/sqm | Purchaser | Vendor | Yield (%) | WALE | |----------------------------------|----------|-----------|----------|--------|----------------------------|--------------------|-----------|------| | 51 Mapletree Dr, Crestmead | South | 89.02^ | 37,904 | 2,348 | Ashe Morgan | Mapletree | 6.42 | 4.2 | | 140 Wecker Rd, Mansfield | South | 53.00 | 13,164 | 4,026 | Pittwater Industrial Pty Ltd | EG Funds | 5.92 | 3.6 | | 55-67 Bellrick St, Acacia Ridge | South | 35.00 | 10,736 | 3,260 | Starcorp Holdings (Tempe Tyres) | Fife Capital | VP | VP | | 69 Corymbia Pl, Parkinson | South | 14.40 | 4,773 | 1,698 | Private Investor | Private Investor | 5.15 | 2.2 | ^ Note: $89.02 million is the net price; gross price of $93.50 million, analysis is preliminary. ## Major Developments - **68-114 Kremzow Rd & 1 Robertson St, Brendale** (Greater North): 13,323sqm, expected completion Q4-26, developed by **Charter Hall**, Pre-committed lease. - **103 Riverview Rd, Riverview** (South West): 16,092sqm, expected completion Q4-26, developed by **Centennial Property Group**, Speculative lease. - **233 Viking Dr, Wacol** (South West): 10,925sqm, expected completion Q1-27, developed by **ESR**, Pre-committed lease. - **104 Bandara St, Richlands** (South West): 9,500sqm, expected completion Q2-27, developed by **Fife Capital**, Pre-committed lease. - **41 Quarry Rd, Stapylton** (South East): 22,559sqm, expected completion Q1-27, developed by **Pellicano Investments**, Speculative lease. ## Contact Information - **Industrial Logistics, QLD**: Mark Clifford, +617 3246 8802, [mark.clifford@au.knightfrank.com](mailto:mark.clifford@au.knightfrank.com) - **Industrial Investments, QLD**: Elliot Ryan, +617 3246 8828, [elliot.ryan@au.knightfrank.com](mailto:elliot.ryan@au.knightfrank.com) - **Valuation & Advisory, QLD**: Brenna Smyth, +617 319 36889, [brenna.smyth@au.knightfrank.com](mailto:brenna.smyth@au.knightfrank.com) - **Research & Consulting**: Ben Burston, +612 9036 6756, [ben.burston@au.knightfrank.com](mailto:ben.burston@au.knightfrank.com) - **Research & Consulting**: Jennelle Wilson, +617 3246 8830, [jennelle.wilson@au.knightfrank.com](mailto:jennelle.wilson@au.knightfrank.com) - **Research & Consulting**: Lewis Parker-Wilkin, +617 3246 8801, [lewis.parkerwilkin@au.knightfrank.com](mailto:lewis.parkerwilkin@au.knightfrank.com)