Overview

Brisbane's commercial property market continued to demonstrate resilience throughout the June quarter, with improving investor confidence and steady occupier demand across most asset classes. While higher interest rates continue to influence investment decisions, Queensland's population growth, infrastructure investment and economic diversification remain powerful long-term drivers.

Industrial property continues to lead the market, while office leasing conditions are gradually improving and neighbourhood retail centres remain well supported by growing residential catchments.

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What is Driving the Market?

Strong interstate migration continues to underpin demand for commercial accommodation throughout South East Queensland. Business confidence has improved modestly as inflation eases and financial markets increasingly anticipate interest rate reductions over the coming year.

Major infrastructure projects, including Cross River Rail, Brisbane Metro, Bruce Highway upgrades and preparations for the 2032 Olympic Games, continue to attract investment and support employment growth.

Businesses remain focused on well-located, energy-efficient premises that offer operational flexibility and quality staff amenities.

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A Standout – Industrial & Logistics

Industrial property remains Brisbane's strongest-performing commercial sector.

Demand for quality warehouses throughout the Trade Coast, South Brisbane, Logan and northern industrial corridors continues to exceed available supply, particularly for units between 150m² and 1,500m².

Rental growth has moderated from the extraordinary increases experienced over recent years but remains positive. Investors continue to seek industrial assets due to reliable tenant demand, low vacancy and attractive long-term fundamentals.

Older industrial properties with refurbishment potential are attracting significant interest from both owner-occupiers and value-add investors.

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Market Snapshot

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Investment Market

Investment activity increased during the June quarter as buyers adjusted to current interest rate settings and greater pricing certainty emerged.

Private investors remain particularly active in industrial property, while syndicates and SMSF purchasers continue seeking assets with secure leases and strong income streams.

Office investments are attracting renewed attention where buildings offer modern facilities, quality tenants and competitive pricing. Retail investment remains strongest in convenience-based centres anchored by supermarkets, medical services and essential retailers.

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Indicative Prime Yields

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Looking Ahead

Market sentiment entering the second half of 2026 remains cautiously optimistic.

Should interest rates begin easing as widely anticipated, investor activity is expected to strengthen further. Brisbane continues to offer attractive value relative to Sydney and Melbourne, with solid rental growth prospects and one of Australia's strongest population growth rates supporting commercial property demand.

Industrial property is expected to remain the market leader, while well-positioned office and retail assets should benefit from improving business confidence.

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Considering Your Next Acquisition?

Whether you're looking to acquire your first commercial investment or expand an existing portfolio, selecting the right property has never been more important.

At Johnson Real Estate Commercial, we assist investors in identifying opportunities that align with their financial objectives, whether that be high-yield industrial assets, office investments with value-add potential or long-term leased commercial properties.

Our team provides market knowledge, acquisition advice and local expertise to help you make informed investment decisions with confidence.

We’ll help you assess potential returns, negotiate effectively and ensure your next purchase aligns with your long-term investment strategy.

Get in touch today.