BRISBANE TOPS ASIA-PACIFIC FOR PRIME OFFICE RENTAL GROWTH
Knight Frank reports 14.1% annual increase as demand for high-grade space surges.
< 1 min
Brisbane has recorded the highest prime office rental growth in the Asia-Pacific region, with a year-on-year increase of 14.1%, according to new data from Knight Frank’s Q2 2025 Office Highlights report.
The report shows Brisbane’s growth outpaced all 23 tracked cities, ahead of Seoul (8.2%) and Bengaluru (7.9%). Quarterly, Brisbane rents rose 3.2%, trailing only Mumbai (3.5%) and Bengaluru (3.2%).
Knight Frank Partner Research and Consulting Jennelle Wilson said a lack of supply would continue to underpin prime rental growth in Brisbane’s CBD.
“The two new buildings entering the market this year will leave backfill space for lease, but little new space remains available, and no additional new supply is expected before late 2028,” Wilson said.
“Refreshed stock such as 140 Elizabeth St (9,908sqm) and 70 Eagle St (11,467sqm, 50% committed) will be available from mid-year.”
Wilson said no refurbishment projects would complete in 2026, with 450 Queen St (17,265sqm), a full building refurbishment, expected back online in H1 2027.
“The five-year forecast effective annual growth rate for Brisbane rents is 6.5%,” she said.
Knight Frank Head of Office Leasing Queensland Mark McCann noted a potential uplift in tenant movement.
“In Q2, lease volumes for tenant relocations remained low, with the exception being the sub 500sqm band, where tenants still have a large range of new and recycled fitted options to consider,” he said.
“However, we expect renewed focus from large corporate occupiers considering pre-commitments to new developments over the next six months as occupiers contemplate their new workplace environments and future needs from 2028 onwards.”
Knight Frank also forecast that Brisbane, Perth and Sydney would see further rental increases over the next year, while Melbourne rents were expected to remain stable.
A Sydney couple has paid $15.5 million for the Grand Penthouse at Marquee’s $285 million La Belle Residences beachfront development which is nearing completion at Palm Beach, eclipsing the record for an off-the-plan apartment sale on the southern Gold Coast. The sprawling single level 640 sqm beachfront residence, with sweeping views of the Gold Coast …
Continue reading “$15.5m La Belle Penthouse eclipses southern Gold Coast record”
On the owner’s deck, a 20-metre swimming pool incorporates Feadship’s patented ContraWave technology and extends indoors as a suspended, glass-bottomed infinity pool.
A $32 million penthouse at NALU has broken Queensland’s apartment price record. A second penthouse sold for $26.25 million, taking the two Gold Coast deals to $58.25 million.
3 min
Two local buyers have spent a combined $58.25 million on penthouses at NALU, a 44-residence development on the beachfront at Miami.
Now complete, Ophora at Tallawong offers luxury finishes, 10-year defect insurance and standout value from $475,000.
In the remote waters of Indonesia’s Anambas Islands, Bawah Reserve is redefining what it means to blend barefoot luxury with environmental stewardship.
