Office Accommodation Cost - Choose Brisbane

Office Accommodation Cost

Brisbane CBD

Brisbane has several commercial precincts for business to consider including the CBD, Fortitude Valley, South Brisbane and South Bank, with each location offering different amenity and benefits to tenants. Throughout these commercial precincts there is a wide selection of office accommodation on offer, so tenants can be sure to find a perfect fit for a move to Brisbane. Although demand is increasing and availability is predicted to tighten over the medium term, supply has outpaced demand and as a result rental incentives are still being offered by landlords to secure good-quality tenants.

Typical rents vary based on location, inclusions, and quality of accommodation. Below is a rental range provided as a guide to what tenants can expect to pay for office accommodation in Brisbane’s CBD*:

  • Premium $445/sqm to $480/sqm 
  • A grade $294/sqm to $394/sqm
  • B grade $219/sqm to $261/sqm

(Source: Savills, Spotlight Brisbane CBD Office, Q3 2014)

*The above rates reflect single, whole floor, net effective and mid-rise rental rates. Discounts and premiums exist for low and high-rise space and for significant occupiers.

Global Office Rents 2015 - CBD Class A

AUS

US$ / sq.m

USA / CAN

US$ / sq.m

EU

US$ / sq.m

Asia

US$ / sq.m

Brisbane 605 Calgary 522 Frankfurt 608 Hong Kong 1,793
Melbourne 577 Houston 470 London 2,347 Mumbai 630
Perth 660 New York 766 Madrid 411 Shanghai 655
Sydney 814 Toronto 493 Paris 1,082 Singapore 1,135

Sources: Cushman and Wakefield, Global Office Forecast 2015-16

Australian Office Rents Comparison

Market

Net Effective Rent
($/sq.m)*

Vacancy
Rate

Low High
Brisbane CBD 294 349 10.2%
Brisbane Fringe 286 410 12.2%
Canberra 269 295 12.6%
Sydney CBD 396 524 9.5%
North Sydney 389 476 5.6%
Melbourne CBD 282 368 7.8%
Melbourne - St Kilda Rd 224 272 6.9%
Perth CBD 417 544 12.7%

Sources: Savills research, Individual City Office Market Reports, Q3 2014
*Net effective rent is estimated for Brisbane

*For optimal viewing of the above tables on mobile devices please turn your screen to landscape.

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