Brisbane CBD Office Briefing: Q2/2019
We are pleased to release the Q2/2019 Office Briefing Notes for the Brisbane CBD, which outline key metrics across each market along with detailed commentary on leasing, sales and development activity.
- Office absorption and investment volumes continued to grow in the 12 months to June 2019, with a recorded increase of 65% and 61% respectively on the 12 months prior
- Investment turnover reached $2 billion for the first time in six years with offshore buyers accounting for 44%
- and domestic funds and trusts jointly accounting for approximately 50%
- Contractionary yield pressure remains in the Brisbane CBD market, with A Grade yield over the last year fell 65 basis points and potential for further firming