Queensland Commercial Property Weekly Wrap-Up 29 Aug 2025
Market Overview
Queensland’s commercial property market surged with significant industrial activity and government asset divestments. Momentum continues to build in 2025, buoyed by falling interest rates and rising tenant demand, particularly across logistics, office, and mixed-use development sectors. Institutional and owner-occupier interest is heating up, especially in high-connectivity corridors and coastal growth regions.
This Week’s Highlights
Industrial & Logistics
| Address | Buyer | Price | Asset Type | Notes |
|---|---|---|---|---|
| 142 Marine Drive, Brisbane Airport | Centennial & Phoenix Property Investors | $61.35M | 15.4ha freehold industrial site | To be developed into a $240M multi-tenant estate with 40,570 sqm GLA and 3.4ha hardstand. Civil works begin post-settlement. |
| 247 Monier Road, Darra | Owner-occupier (undisclosed) | $5.25M | Office/warehouse (1,615 sqm) | Sold by MLA Holdings. Attracted over 50 enquiries. Vacancy in Brisbane’s western corridor sits at ~3%. |
Transaction Summaries:
- Brisbane Airport: Centennial, in partnership with Phoenix Property Investors, secured the last large developable freehold site in the Australia TradeCoast precinct.
- Darra: A private owner-occupier purchased the tilt-panel facility to expand operations. Strong campaign interest reflects continued demand.
Commercial Office
| Address | Buyer | Price | Details | Notes |
|---|---|---|---|---|
| Cnr Phillip & Clopton Sts, Toowoomba | FKG Group | $5.51M | Former TMR building (860 sqm) | Sold by QLD Govt. on 4,509 sqm site. Redevelopment potential. |
| 63 George Street, Brisbane CBD | Marquette Properties | $52M | 10-level office building | Fully leased to QLD Govt. until 2029. Strong CBD location and demand drivers. |
Transaction Summaries:
- Toowoomba: QLD Govt divested a long-held office asset with prime park frontage and mixed-use zoning. FKG acquired the vacant building.
- Brisbane CBD: Marquette secured a fully-leased asset with strong holding income and adaptive reuse potential.
General News
Calls for More Gold Coasts
Demographer Simon Kuestenmacher advocates for the development of several new coastal cities like the Gold Coast to manage Australia’s population growth. These cities would be planned with integrated commercial infrastructure and transport links.
Impact: This vision supports commercial investment in corridor-linked, decentralised hubs across Queensland’s eastern seaboard.
Rate Cuts Revive Buyer Momentum
REA’s Anne Flaherty reports that interest in commercial property has surged following three rate cuts. Cap rates are compressing and tenant demand is rising.
Impact: Lower finance costs and rising investor confidence are expected to support valuations, development activity, and leasing momentum across all Queensland sectors.
Final Take
This week confirmed Queensland’s commercial market is shifting into recovery mode. With interest rates falling and buyer interest surging, investors are targeting well-located industrial and office assets. Government asset divestments and long-term urban planning debates further highlight opportunities in fringe markets and fast-growing corridors.
References
- Courier-Mail. (2025a, August 22). TradeCoast era closes. Real Commercial, p. 57.
- Courier-Mail. (2025b, August 22). Strong demand in Darra. Real Commercial, p. 58.
- Courier-Mail. (2025c, August 22). State government divests former Main Roads office. Real Commercial, p. 59.
- Flaherty, A. (2025, August 21). Rates cuts giving commercial market welcome momentum. The Australian, p. 21.
- Kuestenmacher, S. (2025, August 21). One Gold Coast is not enough, Australia needs more new cities just like it. The Australian, p. 21.
For a complete list of weekly commercial transactions in Queensland, visit McGees Wrap Up | McGees Property Brisbane
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