Investment in Brisbane Fringe Office Market Tops $1bn

Vacancy is falling and rents are lifting in Brisbane’s fringe office market amid jobs growth and a turnaround in tenant activity resulting in tightening supply.

After a number of years of relatively poor market conditions, the fringe office leasing market is now back on track with strengthening rents and lower vacancies, with engineering, IT and property businesses dominating leasing activity.

According to commercial real estate agency Knight Frank prime effective rents grew by 8.2 per cent in the year to April 2019 with the absence of any major new supply for the following 12 months will allow vacancy to fall to 11.2 per cent by mid-2020.

Read more: https://theurbandeveloper.com/articles/vacancies-fall-and-rents-rise-in-brisbanes-fringe-office-market