Brisbane Still Lowest CBD Office Vacancy on East Coast
Brisbane office vacancy has eased up to 11.5%, but remains lower than most other capital cities. The future supply pipeline for space is limited.
Flight to quality continues
Tenant demand in Brisbane continues to concentrate in premium and well-located buildings. Buildings with strong amenity, sustainability credentials and transport access are in higher demand, reflecting the city’s growing two-tier office market.
Future new office supply tight
Two major office projects were delivered in Brisbane in 2025, with another two expected by 2028. Around one third of future supply is already committed to tenants. This constrained pipeline is expected to maintain competition for well-located space over the next few years.
Still a tenant’s market – but only if you know how to play it
High vacancy and strong incentives mean it’s a tenant’s market – but the best deals still go to the best-prepared tenants.
Without expert guidance, it’s easy to miss hidden costs or leave value on the table. An independent tenant representative ensures you get the full benefit of market conditions and make informed, strategic choices.
Spec fit-outs: Do they fit you?
Many landlords are providing speculative fit-outs, from suites to whole floors, to attract tenants into vacant space. Over the past few years, we’ve guided many clients on spec fit-outs. The big question is always: “Is this fit-out fit right your company’s needs?” Often, we’ll identify potential deal-breakers that would otherwise go unnoticed.
Plan ahead to get the best deal
Whether renewing your lease or relocating, planning ahead is essential. You should assess your future space requirements 18-24 months before lease expiry to allow for thorough planning and stronger negotiation leverage.
Vacancy rates
Brisbane CBD – 11.5%
Brisbane Fringe – 11.3%
