Nine retail projects currently underway in South East Queensland

These will yield 67,000sqm of new retail stock.

According to a JLL report, retail construction activity in South East Queensland is limited by elevated costs, with only one project completed in the final quarter of 2025.

A total of 5,000 sqm of retail floor space was added to the market in the quarter, which brings the total completions for the year 2025 to only 19,000 sqm.

JLL is tracking nine projects that are “under construction” across sub-sectors, these are set to bring a further 67,000 sqm to market.

Here’s more from JLL:

The leasing market remains at status quo, despite early signs of improving vacancy rates.

New stores from premium chocolatier Koko Black and international fast-food chain Wendy’s highlight continued leasing demand in the CBD, while the market awaits an entrant for the prime Queen St vacancy left by H&M.

Outlook: Rental growth to pick-up over the near-term

More pronounced rental growth is expected as lower vacancy rates begin to be reflected in leasing deals.

Supply outlook remains constrained due to high construction costs, maintaining investor interest as opportunities arise from limited new stock.