Brisbane CBD Office Market
Key metrics and trends for the Brisbane CBD (QLD) office market.
Vacancy Rate
11.6%
Falling
Avg Net Face Rent
$750
$550 – $980 /sqm/yr
Avg Incentive
33.0%
28.0% – 38.0%
Market Sentiment
Balanced
Effective Rent
Low
$380
Average
$520
High
$720
Vacancy Rate History
11.8%2019
13.5%2020
14.8%2021
14.2%2022
13.1%2023
12.3%2024
11.6%2025
Supply Pipeline
145,000 sqm
Under construction, expected completion 2028
Major projects:
- 360 Queen Street (52,000 sqm)
- Waterfront Brisbane Tower 1 (58,000 sqm)
- Cross River Rail Precinct (35,000 sqm)
Last updated: 2025-06-30
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