The market will be supported by a lack of supply in 2017 and into 2018. Longer term proposed developments are providing choice for potential precommitments but are largely 2020+ options.
The net supply in the Fringe during 2016 was the highest seen in two years, due to the completion of the Flight Centre building. The 23,800m² building was fully committed by Flight Centre which relocated from a number of locations in the Brisbane CBD. In the second half of 2016 there were stock withdrawals of 9,713m². This was made up of five buildings permanently withdrawn for a change of use which ranged from residential redevelopment through to conversion to a data centre.
Source : Knight Frank