Outlook 2023 Australia

NEW SUPPLY (SQM) BRISBANE

NEW SUPPLY

90,000

 One major project completed in 2022, Heritage Lanes at 80 Ann Street, delivering 60,000 sqm to the premium grade market.  The 45,000 sqm development at 205 North Quay has been fully pre-committed and is currently under construction with delivery expected in 2024.  45,000 sqm at 360 Queen Street is now expected to be delivered in Q2 2025.  Dexus’s Waterfront Brisbane is nearing construction start, with completion expected 2027.

FORECAST

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

2020

2021

2022F

2023F

2024F

2025F

2026F

Source: Cushman & Wakefield