Despite investment deal volumes in the industrial property sector slumping by 26 per cent in the past 12 months, agents predict the growth of internet shopping and data storage will send transactions soaring next year.
Despite investment deal volumes in the industrial property sector slumping by 26 per cent in the past 12 months, agents predict the growth of internet shopping and data storage will send transactions soaring next year.
Top-tier firms have once again decided to lease large office spaces in the Brisbane CBD for the first time since the pandemic and the February 2022 floods, property consultants Knight Frank say.
Brisbane CBD office market poised for post-COVID growth
By Bianca Dabu
13 April 2021
|
1 minute read
SHARE
As both confidence and transaction activity strengthen in the investment and leasing markets on the back of greater certainty in the economy, the Brisbane CBD has been deemed ready for a post-pandemic expansion, a new report has found.
After a slow 2020 when investment turnover totalled only $607.6 million – the lowest total transaction level since the post-GFC period – the Brisbane CBD office market has kicked off 2021 with $210 million in deals settled and a further $530 million under contract, Knight Frank’s latest
Brisbane CBD Office Market report revealed.