Home Property Australia Event Recap: July 2023 Office Market Report

Event Recap: July 2023 Office Market Report

  • August 04, 2023
  • by Property Australia
The Queensland July Office Market Report event was highly attended, with industry experts giving their views on the office sector in QLD

The buoyancy of Queensland’s office market was met with cautious optimism by an audience of 270 property professionals at August’s mid-year Office Market Report breakfast. 

During the keynote presentation, Jennelle Wilson of Knight Frank highlighted the resilience of the Brisbane office market, which saw a reduction in vacancies from 12.9 per cent to 11.6 per cent over to the six months to July 2023, making Queensland one of only two states that had recorded a fall in office vacancies.

In the face of national headwinds, the Queensland market continues to show strong demand with the recent OMR being the third consecutive vacancy decrease for the Brisbane CBD, with the Gold Coast also recording strong results.

Jenelle was joined on a panel by Chris Chapple – ISPT, Tim Farquhar – Alceon Group and Tom Broderick – CBRE, with the discussion showing that while results were positive, a constrained pipeline of office projects and ongoing construction pressure is likely to provide challenges for the Queensland market to overcome.

Special thanks to all speakers for sharing their candid insights and to Dexus for sponsoring the event. 

To view Jennelle Wilson’s keynote presentation, click here.   

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