Insights H1 2025 | 47 Des Besanko of Commercial Mackay says the market is still seeing strong interest in leased investments, while at the same time, there is good interest from owner occupiers in commercial and industrial buildings. “Local business sentiment is reasonably strong,” says Des. “Skilled labour shortages are restricting business growth and expansion. More broadly, inflationary costs are having an effect on community spending habits.” Mackay continues to benefit from its position as a thriving regional centre, with a population of over 125,000 supporting 55,000 jobs and an annual economic output of almost $22.3 billion. The Mackay region is one of the fastest growing areas of Queensland, with a diverse economy that contributes more GDP per capita to the Queensland Government than any other region in the state. Des Besanko des.b@rhc.com.au Mackay 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 $250-$350 $175-$225 $150-$200 Vacancy n/a n/a n/a Yields 7.5-8.5% 6.5-7.5% 7-8% Rates p/m² n/a n/a n/a Current market conditions $3,750,000 14-16 Corporate Drive, Paget Recent Notable Transactions SOLD $3,670,000 17 Brisbane Street, Mackay SOLD
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