Insights H1 2026 | 31 Joseph Grasso of Commercial Brisbane Southside says suburban office markets remain challenging with limited tenant demand coupled with a flight to quality across the commercial office market. He says, “A-grade office space is what major organisations are looking for. That’s creating challenges for suburban markets, which typically involve lower grade stock.” In the retail space, Joseph says the market is facing headwinds from staff penalty rates through to cost of living pressures for consumers. However, he notes, “Good retail will always do well, but ‘good’ retail is a function of foot traffic” The industrial property markets across Brisbane, southside and the Bayside region continue to perform strongly with sales demand remaining firm, and quality stock generating strong interest from both owner occupiers and investors. Joseph adds that industrial property can be a natural progression for residential investors. He says industrial units of 60-90 square metres can be picked up for between $500,000 and $1 million, with yields around 5%. Nick Comino nick@rnhcommercial.com.au Brisbane Southside Office Industrial Retail Rents p/m² Vacancy Yields Rates p/m² Six-month market outlook Office Industrial Retail Rents p/m² $190-$260 $140-$185 $400-$525 Vacancy 11% 5% 12% Yields 6.25-7% 5.75-6.0% 5.5-6.5% Rates p/m² $4,000-$5,000 $2,800-$4,500 $5,500-$6,000 Current market conditions $9,400,000 2684-2692 Ipswich Road, Darra Recent Notable Transactions SOLD $4,050,000 799 Fairfield Road, Yeerongpilly SOLD For more information, contact: Joseph Grasso joseph@rnhcommercial.com.au
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