Brisbane CBD Office Figures Q1 2026

Key Points:

• So far in 2026, it appears that sentiment in the leasing market is better than the same time last year with more tenants engaging with the market.
• Total net absorption in the Brisbane CBD was 10,007 sqm for H2 2025, bringing total net absorption for the year to 37,480.
• Total vacancy edged higher in H2 2025 to 11.8%, prime also increased to 10.0%.
• Prime gross face rents grew by 3.7% q-o-q and 9.2% y-o-y in Q1 2026. Incentives declined by 50 bps during the quarter to average 38.9%.
• The investment market in Q1 was quiet, which is common for the start of a calendar year. However, recent rises of bond rates and the cash rate is creating some uncertainty in the market.
• Prime CBD yields tightened slightly in Q1 by 2 bps to 7.02%, which was a reflection of transaction activity that occurred in late 2025.