Insights H1 2026 | 35 Peter Atkinson of Raine & Horne Commercial Hervey Bay reports steady market conditions through 2025 and into early 2026, supported by population growth and consistent demand across key sectors. Tourism is also boosting confidence, with daily direct flights from Sydney and Melbourne services now operating four days a week. “While much of the growth is driven by people relocating to the region, it’s also lifting demand for services and retail, which is great news for retail property landlords.” In the office sector, quality space is tightly held, with limited new supply. “There’s ongoing demand for professional offices in the Pialba CBD and along the Esplanade. However, availability in the CBD remains significantly constrained following the March 2025 floods, with some properties still undergoing renovations.” Among the commercial property asset classes, industrial remains the strongest performer. A large development site along Drury Lane is being positioned for small commercial rental properties, with very low start-up rental rates expected to attract strong tenant interest. Peter Atkinson peter.atkinson@herveybay.rh.com.au Hervey Bay 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 $240-$400 $130-$165 $290-$350 Vacancy 10% 10% 10% Yields 6.5-7.0% 6 -7.5 % 7 – 7.5 % Rates p/m² $1,800 -$2,300 $2,000 - $2,500 $2,500 - $3,000 Current market conditions $900,000 111 Old Maryborough Road, Pialba Recent Notable Transactions SOLD $180,000 total value 3/65 Torquay Road, Pialba LEASED
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