Leasing market remains at status quo

• Gross take-up reached 120,700 sqm in the quarter, representing a slight increase despite fewer transactions. Deal count declined from 18 to 13, pushing the average transaction size up to 9,300 sqm.
• The largest deal recorded in the quarter was Wilhelmsen’s commitment to 30,086 sqm in Heathwood (Southern).

Most new supply was delivered in the Southern Precinct and largely pre-committed

• Six projects totalling 104,200 sqm were completed in the quarter, with 60.3% pre-committed, as developers remain reluctant to pursue speculative developments.
• In 2025, approximately 454,000 sqm of completions were recorded, with 59.1% delivered in the region’s largest Southern Precinct.

Some loosening in secondary yields as rate expectations shift

• Brisbane recorded AUD 418.3 million in sales across 14 transactions, down from both the previous quarter and year, though several major deals highlighted continued investor engagement in the market.
• Rents continued to grow, with prime net rent rising to AUD 185 per sqm (up 1.2% quarterly and 4.4% annually) and secondary net rent reaching AUD 154 per sqm (up 0.7% quarterly and 4.1% annually).

Outlook: Investor interest set to remain strong in the Brisbane market, particularly for prime assets

• High construction costs are expected to keep developers cautious, with limited speculative building activity likely to continue.
• Despite a slower quarter for investment volume, the industrial market is expected to continue attracting investor interest, supported by strong macroeconomic conditions in Queensland.