Property Times

Brisbane CBD snapshot : looming supply to keep vacancy elevated - Q4 2014

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Limited supply has been added to the Brisbane CBD market over the past two years. New supply in 2014, at less than 5,000 sq m, was well below the 10-year average of approximately 65,700 sq m . Although many projects are “shovel ready” or have commenced limited site works, lack of sufficient pre-commitments have held back their formal commencement.

Currently there are only three projects under construction, with 180 Ann Street (59,000 sq m), which was initiated as a speculative building by Daisho, expected to be the first to be completed in Q4 2015. This project has received its first tenant, with Commonwealth Bank of Australia pre-committing to 10,500 sq m. The two other projects (480 queen Street and 1 William Street) are anticipated to add a further 130,404 sq m in 2016.

Source : DTZ

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Mots-clés : DTZ

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