Asia Pacific Office Outlook 2024

BRISBANE

NEW SUPPLY

N EW S U P P LY ( S QM )

90,000

FORECAST

 The only major project to recently complete was in 2022 (Heritage Lanes at 80 Ann Street) providing 60,000 sqm of premium grade space.  The 45,000 sqm development at 205 North Quay has been fully pre committed and is currently under construction with delivery expected towards the end of 2024.  45,000 sqm at 360 Queen Street is now expected to be delivered in Q2 2025.  Construction has begun on Dexus’s Waterfront Brisbane, with completion expected 2028.

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

2021

2022

2023F

2024F

2025F

2026F

2027F

Source: Cushman & Wakefield