Brisbane office property market booms, bucking the national trend

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As office vacancy rates creep higher in capital cities such as Melbourne, investors are flocking to Brisbane where the market is thriving.

Already a subscriber?Transformational developments are poised to further strengthen Brisbane’s booming office market where city workers have bucked the national work-from-home trend.

“There’s a lot of government spending going on in that market, and that is supporting general economic growth and white-collar employment growth,” Ms Hourigan told“There’s also been a lack of new supply coming onto that market for some time combined with solid economic growth, growth in , and flight to quality post-COVID.

“There’s been a lot of construction activity around that Queen’s Wharf area and other infrastructure projects, and it can be quite disruptive for the flow of people in the CBD,” she said. “When there’s volatility with markets, it’s invaluable being in a room full of people and being able to share ideas quickly,” Mr Tynan said.

 

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