South East Queensland
Office & Industrial
Market Snapshot

State Comparison

H1 2026 Office Sales Activity — State Comparison

Economic Performance

South East Queensland Economic Backdrop, Q2 2026

Office sales activity across Greater SEQ reflected mixed market conditions, with notable variations in pricing between regions and asset types. Redland recorded the strongest annual growth in strata sale rates, rising 90.7% to $9,720/m², while Noosa led freehold growth with a 37.9% increase to $8,761/m². Brisbane remained a key market, with median strata and freehold sale rates increasing 9.8% and 13.1% respectively, while the Gold Coast recorded a 35.0% decline in freehold pricing. Across Greater SEQ, strata sale rates rose 15.4% and freehold rates 4.9% over the year.

Office leasing by LGA — commencing rates, Q2 2026

Office leasing trends varied considerably in Q2 2026. Moreton Bay led strata rental growth, up 93.2% year on year to $516/m², followed by Noosa (+86.2%) and Brisbane (+57.9%). Freehold leasing was more moderate, with Logan recording the strongest growth at 15.2%, while Ipswich and the Gold Coast declined 17.7% and 10.1% respectively, highlighting the uneven pace of rental growth across Greater SEQ.

State Comparison

H1 2026 Industrial Sales Activity — State Comparison

Historical Activity

SEQ Industrial Sales Activity by Quarter

Industrial investment across Greater SEQ reached $2.25 billion in the first half of 2026. Momentum strengthened in Q2, with sales climbing 29.8% on the previous quarter to $1.27 billion. Freehold properties contributed $864.6 million of Q2 sales, while strata transactions were more stable year on year. Although Q2 volumes remained below Q2 2025, the rebound highlights continued investor participation across Greater SEQ’s industrial market.

Industrial leasing arrangements across Greater SEQ suggest a market where tenants are favouring flexibility while landlords seek greater certainty around future rental income. Fixed annual increases account for 42.9% of leases and the greater of a fixed increase or CPI a further 31.4%, while 4.0% escalations are the most common (39.6%). Two-, one- and three-year terms lead, at 24.6%, 22.6% and 19.3%.

Industrial property performance across Greater SEQ in the first half of 2026 revealed an increasingly diverse market, with strata median sale rates up 20.2% year on year against 4.7% for freehold, although freehold properties continued to attract larger investment commitments. Greater Brisbane recorded positive sales growth across both asset types while rental increases remained modest. The Gold Coast Region presented a notable contrast, with freehold sale rates climbing 39.3% despite softer leasing conditions, while the Sunshine Coast Region recorded rising freehold rents (+9.9%) alongside declining sale rates (−13.1%).

Industrial sales — H1 2026

Industrial leasing — commencing rates ($/m²), H1 2026

Important Notice

Disclaimer & Terms of Use

This report has been prepared by Empirical CRE Pty Ltd ("Arealytics") in partnership with Real Estate Institute of Queensland ("REIQ") for general information purposes only. It presents a snapshot of South East Queensland office and industrial market activity for the second quarter of 2026, with sales activity covering the first half of 2026.

The information contained in this report is derived from a range of sources, including publicly available records, third-party data providers and Arealytics' own research. While all reasonable care has been taken in its preparation, Arealytics makes no representation or warranty, express or implied, as to the accuracy, completeness or currency of the information, and accepts no liability for any loss or damage arising from reliance upon it.

The figures presented reflect market conditions as at the date of publication and are subject to revision as further data becomes available. Past performance is not a reliable indicator of future performance.

Nothing in this report constitutes financial, investment, taxation or legal advice, and it should not be relied upon as such. Recipients should obtain independent professional advice before making any decision based on its contents.

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