布里斯班工业市场状况2025年第四季度

Solid leasing demand and tightening vacancy supports rents Q4 2025 •Rental growth continued in Q4, with prime and secondary rents up 1.4% and 0.7%, bringing annual growth to6.3% and 3.3%, respectively. Prime incentives eased to 12.6%, down 30 bps q/q, but remain 90 bps higher y/y. •Vacancy fell by 59,301sqm over Q4 to an overall vacancy rate of 5.0%. The South precinct recorded the largest fallof 64,234sqm over the quarter to 5.3% with most of the take-up in existing secondary space.•Highest quarterly leasing take-up in three years lifted the total 2025 take-up to 847,797sqm, 4% higher y/y.•Prime yields were stable over the quarter at 5.89%, with increasing purchaser competition balanced by changingmonetary policy expectations. Following the $204.5 million UniSuper purchase of a portfolio ofSouth Westassetsin late 2025, greater portfolio sales activity is expected during 2026. Industrial Logistics, QLDMark Clifford+61 7 3246 8802Mark.clifford@au.knightfrank.com Valuation & Advisory, QLDTom Hadfield+61 7 3193 6822tom.hadfield@au.knightfrank.com Industrial Investments, QLDElliot Ryan+61 7 3246 8828elliot.ryan@au.knightfrank.com Research & ConsultingWade Leofa+61 7 3516 8816Wade.leofa@au.knightfrank.com Research & ConsultingBen Burston+61 2 9036 6756ben.burston@au.knightfrank.com Research & ConsultingJennelle Wilson+61 7 3246 8830jennelle.wilson@au.knightfrank.com