🏙️ Brisbane office rents surge as supply stays tight

Brisbane’s prime net effective office rents rose about 19% in the year to Q2 2026, according to Cushman & Wakefield, making it the fastest-growing major office market in Australia. The same research put Brisbane’s prime yield at 7.4%, underscoring continued investor appetite even as broader office sentiment remains cautious.

Cushman & Wakefield said the increase reflects persistently tight supply in the city’s best-quality office stock, with demand holding up despite a wider reset in Australian commercial property pricing.

Why it matters for investors

Brisbane’s performance points to tighter supply in premium office stock and an income premium relative to other major Australian office markets. A 7.4% prime yield suggests the market still offers a higher income return, while the rent growth indicates landlords with high-quality assets retain pricing power. For investors, that combination can support total returns even if transaction volumes stay subdued.

Brisbane is outperforming other major Australian office markets on both rent growth and income yield. Tight supply in premium office stock continues to support landlord leverage. The data shows Brisbane remains one of the clearest office bright spots in Australia, with fundamentals still favoring well-located institutional assets.