布里斯班中央商务区办公室2025年第三季度市场状况

•Prime gross face rents grew 1.7% in Q3-25 and by 9.0% y/y, easing from 2024 highs but still above average.Average prime incentives fell 60 bps in Q3 to 37.9% with stronger contraction in Premium than A grade space.•Secondary rents saw modest growth of 1.3% in Q2, up 4.5% y/y with incentives stable at 39.5%.•With 205 North Quay now complete and fully occupied, attention turns to 360 Queen St, due late 2025, whichwill provide the last newly developed space until 2028. Including reported HOA, 360 Queen St is 92% pre-leased with the expectation that it will be fully committed before, or shortly after, completion.•Prime and secondary yields remained stable in Q3. Transaction activity remained slow but with sharpeninginvestor interest, formal on-market campaigns, and prime assets in DD this is expected to lift to years’ end. Justin Bond+61 7 3246 8872Justin.bond@au.knightfrank.com Mark McCann+61 7 3246 8853Mark.mccann@au.knightfrank.com Matt Barker+61 7 3246 8810Matthew.barker@au.knightfrank.com Jennelle Wilson+61 7 3246 8830Jennelle.wilson@au.knightfrank.com Peter Zischke+61 7 3193 6811Peter.Zischke@qld.knightfrankval.com Blake Goddard+61 7 3246 8848Blake.goddard@au.knightfrank.com