2024-11-05-莱坊-Brisbane_CBD_Office_State_of_the_Market_Q3_2024_2页_439kb

Brisbane CBD Market Summary Q3 2024

• Prime net face rents increased by 4.2% quarter-over-quarter and 11.4% year-on-year, driven by strong performance in premium and upper A-grade assets; incentives remained stable at 39%.

• Secondary net face rents rose by 0.8% quarter-over-quarter to a 1.8% year-on-year increase as rental uplift slowed; incentives decreased by 50 basis points to 40%.

• Supply pipeline unchanged; no new supply in 2024, with 13,093sqm of refurbished space added in H1 2024, but construction delays extended project timelines.

• Yields stable across prime and secondary markets; higher sales completion improved liquidity and market confidence.