Brisbane CBD Office Market Heats Up
Brisbane has emerged as the country’s hottest CBD office investment and development market with more than $1 billion in transactions expected to close through the first six months of 2021.
Knight Frank research said $740 million of Brisbane CBD offices had already sold so far this year – compared with $607 million in all of 2020.
“We’re pretty well poised with major infrastructure like Cross River Rail, and also now with the Olympics potentially coming, there’s a lot of activity in Brisbane. The CBD in my mind is looking quite healthy.” (Justin Bond, Knight Frank).
Most of it is local and coming from a mix of syndicates, high net worth individuals and private investment companies. “Good quality office stock in the CBD is getting attention again” (Tom Phipps, CBRE).
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