Brisbane industrial investment volume breaches 10-year average in Q2

Investment volumes hit AUD609.6 million during the quarter.

In a recent report, JLL said Brisbane industrial investment volumes in Q2 2025 reached AUD 609.6 million, above the 10-year average of AUD 306.4 million. The Wacol Logistics Hub sold for AUD 240 million, which marked the largest quarterly transaction in the Brisbane market.

In addition, the report revealed that prime net face rents remained highest in the Trade Coast at AUD 201 per sqm p.a. The Northern precinct rental growth outperformed other precincts, with a quarterly growth of 2.0%, stock has been fairly limited in Northern industrial estates.

Here’s more from JLL:

Occupier demand in the Brisbane market was marginally higher over Q2 2025, comparative to the previous quarter. A total of 116,700 sqm has been leased, which was below the 10-year historic average of 154,700 sqm.

Tenants within the transport, postal and warehousing industry were most active during the quarter, with take-up of 43,000 sqm. The largest deal was a sub-lease from Dixie Cummings, taking 25,300 sqm in Staplyton.

A high number of completions are recorded, including speculative developments

New completions reached 168,100 sqm, up on the previous quarter and above the 10-year historic average of 97,400 sqm. The vacancy rate has increased to 4.3%.

A total of 116,900 sqm has completed in the Southern precinct, followed by 35,400 sqm in the Trade Coast and 15,900 sqm in the North.

Outlook: Yield tightening may continue, given investor interest in the Brisbane market

Industrial yields may tighten further, given investment activity remains steady.

New construction is likely to be postponed, in response to reduced pre-leasing activity.