2026-08-17-莱坊-Brisbane_Industrial_Precincts_Report_Q2_2026_9页_1mb

Brisbane Industrial Precincts Q2 2026 Summary

Core Content

This report provides a quarterly update on the industrial market in Brisbane, focusing on key trends across different industrial precincts, including investment activity, vacancy rates, tenant demand, and property yields.

Investment Trends

• Sales Volumes: Sales volumes edged higher in Q2 despite inflationary and geopolitical pressures.
• Yields:
  • Super Prime Yields: Increased by 5 bps in Q2 and decreased by 15 bps year-on-year (y/y).
  • Prime Yields: Increased by 5 bps in Q2 and decreased by 1 bps y/y.
  • Secondary Yields: Increased by 4 bps in Q2 and remained stable y/y.
• Key Transactions:
  • Corval Group purchased 29-41 Lysaght St, Acacia Ridge for $40 million.
  • Private investor bought 132 Leitchs Rd and Lot 2 Cribb Rd for $32 million.
  • Onterra acquired 62 Sandstone Pl, Parkinson for $27.3 million.

Vacancy & Tenant Demand

• Total Vacancy Rate: Declined to 3.7% in Q2, a decrease of 74 bps from Q1 and 153 bps y/y.
• Vacancy by Precinct:
  • South: Vacancy rate dropped to 3.1%, down 68,727 sqm.
  • South West: Vacancy rate decreased by 103 bps to 4.4%, but increased by 13 bps y/y.
  • South East: Vacancy rate fell by 41 bps to 6.3%.
  • Trade Coast: Vacancy rate dropped to 2.4%, down 9,824 sqm.
  • North & Greater North: Vacancy rate increased to 4.1%, up 26 bps q/q.
• Leasing Take-Up:
  • South: 372,000 sqm, up 43% y/y.
  • South West: 178,309 sqm, down 29% y/y.
  • South East: 36,200 sqm, down 47% y/y.
  • Trade Coast: 227,234 sqm, up 28% y/y.
  • North & Greater North: 71,500 sqm, down 15% y/y.
• Prime Stock: Accounts for 57% of current vacancy in the market.
• Major Tenant Commitments:
  • Asahi: Pre-committed 48,500 sqm in the South West.
  • Austral Pty Ltd: Leased 21,875 sqm in the Trade Coast.
  • South Pacific Logistics: Leased 8,591 sqm in the South East.
  • Lounge Lovers: Occupied 5,987 sqm in the South.
  • VISY: Completed a manufacturing plant in Stapylton, South East.

Key Insights

• Market Confidence: Despite ongoing inflationary pressures and geopolitical uncertainty, sales volumes increased in Q2.
• Rental Growth: Prime rental growth was strong across all precincts, with the South East experiencing the highest y/y increase at 17.5%.
• Incentives: Prime incentives decreased in the South and South East but increased in the South West and North & Greater North.
• Land Values: Land values continued to rise in Q2, with sub-5,000 sqm lots and 1–5 ha sites showing significant annual growth.
• New Supply: The North & Greater North saw the highest new supply in Q2, while the South and Trade Coast experienced reductions in available space.

Summary of Precinct Performance

South

• Vacancy Rate: 3.1% (down 68,727 sqm q/q and 171,083 sqm y/y).
• Leasing Take-Up: 372,000 sqm, up 43% y/y.
• Prime Rents: Increased by 0.4% q/q and 4.3% y/y to $170/sqm.
• Prime Yields: Increased by 10bps q/q and decreased by 3bps y/y to 6.10%.
• Land Values: Sub-5,000 sqm lots up 9.4% y/y to $875/sqm.

South West

• Vacancy Rate: 4.4% (down 33,390 sqm q/q and up 8,511 sqm y/y).
• Leasing Take-Up: 178,309 sqm, down 29% y/y.
• Prime Rents: Increased by 4% q/q and 9.8% y/y to $180/sqm.
• Prime Yields: Increased by 4bps q/q and decreased by 1bps y/y to 6.13%.
• Land Values: Sub-5,000 sqm lots up 21.4% y/y to $850/sqm.

South East

• Vacancy Rate: 6.3% (down 4,437 sqm q/q and up 377bps y/y).
• Leasing Take-Up: 36,200 sqm, down 47% y/y.
• Prime Rents: Increased by 5.6% q/q and 17.5% y/y to $188/sqm.
• Prime Yields: Decreased by 3bps q/q and 4bps y/y to 6.10%.
• Land Values: Sub-5,000 sqm lots up 7.6% q/q to $1,130/sqm.

Trade Coast

• Vacancy Rate: 2.4% (down 9,824 sqm q/q and 100,817 sqm y/y).
• Leasing Take-Up: 227,234 sqm, up 28% y/y.
• Prime Rents: Increased by 9.7% y/y to $226/sqm.
• Prime Yields: Increased by 6bps q/q and decreased by 10bps y/y to 5.78%.
• Land Values: Sub-5,000 sqm lots up 42.2% y/y to $1,550/sqm.

North & Greater North

• Vacancy Rate: 4.1% (up 5,490 sqm q/q and down 105bps y/y).
• Leasing Take-Up: 71,500 sqm, down 15% y/y.
• Prime Rents: Increased by 2.6% q/q and 10.8% y/y to $195/sqm.
• Prime Yields: Increased by 6bps q/q and 4bps y/y to 5.99%.
• Land Values: Sub-5,000 sqm lots up 38.7% y/y to $1,075/sqm.

Additional Notes

• Leasing Take-Up Methodology: Take-up refers to the absorption of existing assets or speculative developments, excluding pre-commitments or D&C agreements.
• Data Sources: All data is sourced from Knight Frank Research.
• Contact Information: The report includes contact details for research and consulting teams, including Jennelle Wilson, Ben Burston, Mark Clifford, and Lewis Parker-Wilkin.