According to the Property Council the vacancy rate on the Gold Coast was 19.9% as at 1 July 2013.
Savills recorded 13,015 square metres of leasing activity (greater than 500 square metres) for the 12 months to June 2013.
Positive Absorption of 3,423 square metres in the past year Savills recorded approximately $55 million of transactions in the 12 months to June 2013.
The trust sector ($ value) was the most active in the Gold Coast office market for the 12 months to June 2013.
A lift in commercial activity is expected as the 2018 Commonwealth Games near.
Source : Savills