Brisbane Commercial & Industrial Property Market Review - September 2026
“Brisbane’s industrial market remains resilient, with demand focused on well-located, functional and appropriately priced assets.”
Brisbane’s industrial market remains active in 2026, although conditions are becoming more balanced following several years of exceptionally tight supply, strong rental growth and intense competition for quality space.
Vacancy remains relatively low by historical standards, with major research houses currently placing Brisbane industrial vacancy at approximately 3.0%–4.5%, depending on the stock base and methodology measured. Leasing activity has remained healthy, with demand particularly focused on modern, well-located facilities offering high-clearance warehousing, good truck access, efficient loading areas and proximity to major transport infrastructure.
Prime Southern Brisbane industrial rents are averaging around $164/sqm, with the Trade Coast closer to $210/sqm net for larger, institutional-grade facilities. Smaller industrial units typically command a higher rate per square metre, depending on location, quality, office content and functionality.
Investment activity remains steady, although buyers are increasingly disciplined around pricing, tenant covenant, lease expiry profile and asset quality.
Prime industrial yields are generally sitting around 5.50%–6.00%, with secondary assets trading at a wider spread depending on location, condition and leasing risk.
Looking ahead to the remainder of 2026, Brisbane’s industrial market is expected to remain resilient. Continued population growth, infrastructure investment, limited serviced industrial land and elevated construction costs should support long-term fundamentals. However, tenants are becoming more selective, meaning well-presented, functional and appropriately priced assets are likely to outperform older or compromised properties.
Kyryl Koltsov, FAL Property Group