March Q1 2026 Commercial Market Update

Brisbane’s commercial property market continues to build momentum, driven by strong population growth, major infrastructure investment and increasing investor confidence. As the city heads toward the 2032 Olympics, it’s emerging as a standout value market with compelling opportunities across key sectors.

Overview

Brisbane remains one of Australia’s strongest performing commercial property markets, continuing to be supported by population growth, infrastructure investment, comparatively affordable pricing versus Sydney and Melbourne and momentum leading into the 2032 Olympic Games.

Investor sentiment is generally positive across industrial, selective office assets and convenience based neighbourhood retail centres.

What is driving the market

Queensland continues to benefit from interstate migration and business relocation trends, supporting demand across all sectors. Major transport, urban renewal and Olympic related spending is strengthening long-term confidence. Brisbane still trades at a discount to Sydney and Melbourne in many sectors, attracting interstate and institutional investors.

A Standout - Industrial & Logistics

Brisbane Industrial & Logistics is still in a growth phase. Well-located functional assets should continue to outperform, particularly in the Southside and Trade Coast corridors, while secondary stock may require sharper pricing or upgrades to stay competitive.

Investment Market

Increasingly viewed as a value market with growth upside, attracting investors chasing stronger yields. Industrial/Logistics remains Brisbane’s strongest sector with tight vacancy and continued rental growth underpin this sector.

Best opportunities include small to mid-sized industrial units in the Logan precinct and value-add older assets with rental reversion potential.

Acquisitions

If you are considering buying a commercial property, current sentiment is positive. Buyer demand remains strongest in industrial and logistics assets due to low vacancy and ongoing rental growth. Interest in prime office assets is also improving as values reset and leasing conditions strengthen. The focus remains on quality assets with strong income, sound lease covenants and future upside, while secondary stock is attracting mainly opportunistic buyers.

Overall, Brisbane is seen as offering better relative value than Sydney and Melbourne, underpinned by strong population growth, major infrastructure investment and momentum toward the 2032 Olympics.

Our team at Johnson Real Estate Commercial can help identify and secure the right commercial opportunities for your goals. Whether you’re looking for a high-yield asset, a development opportunity or a long-term tenanted investment, our experienced team has the insight and local knowledge to guide you through every stage of the acquisition process.

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.

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