40 | Insights H1 2025 Trent Bruce of Commercial Brisbane North says the city’s commercial property market is expected to gain significant momentum in 2025 as Brisbane prepares for the 2032 Olympic Games. The anticipated influx of investment and development is linked to Olympic-related infrastructure projects, with key developments such as the Brisbane Live entertainment precinct, and improved transport links such as the Cross River Rail and Brisbane Metro all enhancing the city’s appeal as a commercial and business hub. Demand for office spaces is likely to remain steady though targeted, with businesses favouring high-quality buildings. Retail properties may experience a resurgence as population growth and infrastructure projects enhance accessibility and foot traffic in key precincts. Industrial and logistics properties are again poised for strong performance, driven by e-commerce expansion and Brisbane’s role as a logistics hub. Rising interest rates and construction costs have the potential to temper new developments. Nonetheless, Brisbane’s commercial property sector will likely balance opportunities with challenges, underpinned by its growing economy and strategic position in the Asia-Pacific region. Trent Bruce tbruce@rhcommercial.com Brisbane North Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook For more information, contact: Office Industrial Retail Rents p/m² $300-$400 $150-$250 $450-$600 Vacancy 12% 3% 8% Yields 6.5-7% 5.5-6% 6-6.25% Rates p/m² $5,000-$6,000 $3,000-$4,000 $6,000-$8,000 Current market conditions $2,330,000 272 Newmarket Road, Wilston Recent Notable Transactions SOLD $286,740 p.a. Gross + GST 1 & 2/668 Gympie Road, Lawnton LEASED
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