Market Muster
December 8, 2025 | August to November 2025
McGees Property Agency Team Capability
This edition of Market Muster showcases the exceptional capability of the McGees Property Agency team. From revitalising retail precincts in Fortitude Valley to securing strategic off-market industrial sales in Hendra, our team deals effectively across all asset classes.
The purpose of this update is to highlight our active role in the market and the diverse range of successful outcomes we deliver for our clients. Below are the transactions and market insights from the last quarter.
Leased
3/267 Given Terrace, Paddington
The newest addition to Paddington’s bustling retail strip, @oochi_boutique is a boutique retail store that specialises in elevated performance wear.
6/59-63 Eastern Road, Browns Plains
Successfully leased to a well-established local cabinet maker.
This result highlights the strength of the Browns Plains industrial market, where demand remains high, vacancy levels are low, and well-presented warehouses with functional office space and quality amenities continue to attract strong interest from trade and service-based businesses.
If you’re considering leasing or selling, now is an excellent time to explore your property’s potential, get in touch to discuss how current market conditions could benefit you.
28 Harry Street, Ashgrove
Leased to Jetts Ashgrove
A 324m² retail tenancy in the heart of Ashgrove has been leased to Jetts Australia , a great addition to this thriving inner-city precinct.
Surrounded by local favourites and national retailers, this location offers high visibility and strong customer demand.
T8-T9 315 Brunswick Street, Fortitude Valley
We are pleased to advise that McGees Property Brisbane has successfully secured a new tenant for TC Beirne & Co Building on Brunswick Street.
The US brand The Great Greek Mediterranean has chosen this location for its first store in Australia. The group is well established in the United States with more than 90 stores operating or opening soon, and their entry into the precinct marks a significant uplift for the centre as a whole.
The tenancy comprises 157sqm internally, supported by an additional licensed seating area within the retail precinct. The design allows close to 100 seats across the combined areas, with the store planned to open in the first quarter of 2026.
This leasing result reflects the growing momentum in the retail precinct. With only 8 of the 16 retail tenancies still available, enquiry levels continue to build as operators look to secure well located premises in the Valley. Flexible tenancy sizes from 50 to 600 sqm, together with competitive incentives and capital support, are attracting interest from hospitality, retail, beauty, wellness, allied health operators.
If you would like an update on current market activity, the rents we are achieving, leasing demand, or comparable opportunities in your building, please feel free to reach out. I would be happy to share further insights or discuss how the recent uplift in activity may relate to your asset.
54/269 Wickham Street, Fortitude Valley
Successfully leased to two different tenants.
These result stemmed from moving quickly and correctly understanding the tenant’s requirements. This allowed us to select a small group of properties that genuinely suited their needs and ensured we were only inspecting locations that were appropriate, avoiding any wasted time. With the office leasing market facing challenges and enquiry levels remaining low, having a detailed knowledge of all vacancies within a catchment is imperative.
If you’re considering leasing or selling, now is an excellent time to explore your property’s potential, get in touch to discuss how current market conditions could benefit you.
708 Main Street, Kangaroo Point
McGees Property on behalf of our valued client are pleased to have secured Manhattan Pizza as tenant for 708 Main Street, Kangaroo Point.
Already well established in the area the tenant was attracted to the high profile site with its ease of access for its delivery partners and the ability to expand into an immaculately presented fully fitted building.
We wish Ash and his team all the best with their new premises and look forward to grabbing a slice when they open!
1/31 Chorlton Street, East Brisbane
McGees Property on behalf of our valued clients are pleased to have leased 1/31 Chorlton Street East Brisbane.
Leased to a specialised allied health provider they will assimilate well within the complex.
For further information please contact Nina Brailey from McGees Property.
Sold
40/302-304 South Pine Road, Brendale
SOLD in Brendale.
A high-exposure commercial unit, perfectly matched with a purpose-driven buyer.
Soon to be transformed into a thriving allied health practice.
Strategic. Seamless. Sold.
39 Navigator Place, Hendra
Off-market sale of 39 Navigator Place, Hendra.
The 1,290sqm freestanding facility was purchased unconditionally for $5,400,000 by a national medical company as an owner occupier, reflecting a building rate of $4,182 per sqm.
This transaction highlights the strong appeal of freestanding industrial and logistics properties in Brisbane’s northern suburbs, with owner occupiers actively seeking strategic sites to support operational growth.
For further details on this sale, or to discuss opportunities in the Queensland property market, please contact the team at McGees Property Brisbane.
Agency only – not doing cap trans
Brisbane Commercial Property Market Trends: August–November 2025 Snapshot
Brisbane’s commercial property market continues to demonstrate strength and resilience, with significant leasing and sales activity across retail, industrial, and office sectors. From lifestyle precincts to industrial hubs, McGees Property has delivered strategic outcomes that reflect current market dynamics and position our clients for success.
Retail & Hospitality Leasing Surge
Lifestyle precincts remain a magnet for high-profile operators. In Fortitude Valley, McGees secured a landmark deal at the TC Beirne & Co Building, welcoming The Great Greek Mediterranean for its first Australian store. This international brand’s entry signals confidence in Brisbane’s hospitality sector. With only eight of sixteen retail tenancies remaining, enquiry levels are rising as beauty, wellness, and food operators compete for prime positions.
Paddington also saw growth with Oochi Boutique, a performance-wear retailer, joining the vibrant Given Terrace strip. Meanwhile, Manhattan Pizza expanded into Kangaroo Point, attracted by the site’s high visibility and delivery-friendly access.
Health & Wellness Demand in Inner-City Suburbs
Health and fitness operators are driving leasing activity in Brisbane’s inner-city areas. Jetts Ashgrove secured a 324m² retail tenancy in the heart of Ashgrove, while East Brisbane welcomed a specialised allied health provider. These moves highlight a broader trend toward wellness-focused spaces in high-density precincts.
Industrial Market Strength
Brisbane’s industrial property market remains tight, with low vacancy and strong demand from trade-based businesses. Browns Plains recorded a successful lease to a local cabinet maker, underscoring the appeal of well-presented warehouses with functional office space.
Owner-occupiers are also active. The off-market sale of 39 Navigator Place, Hendra for $5.4M reflects the premium placed on strategic industrial sites in Brisbane’s northern suburbs. This 1,290m² freestanding facility was purchased by a national medical company, reinforcing the strong appetite for quality logistics and industrial assets.
Market Outlook for 2026
With flexible tenancy sizes, competitive incentives, and capital support, Brisbane’s commercial property market is well-positioned for continued growth into 2026. Retail and hospitality operators are driving inner-city activation, while industrial and logistics assets remain highly sought after by owner-occupiers.
Looking for tailored insights on leasing demand, rental benchmarks, or opportunities in your asset class?
Connect with McGees Property Brisbane today and unlock the full potential of your property.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
Disclaimer: The information provided in this blog is for general informational purposes only and does not constitute legal, financial, or professional advice. While we strive for accuracy, we make no guarantees regarding the completeness or timeliness of the content. Always seek independent advice before making any financial or real estate decisions. We are not liable for any loss or damages arising from your reliance on the information provided.
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