A new study from the Property Council of Australia and SA1 Property has mapped the changing dynamics of Greater Brisbane’s industrial land market, showing how strong demand is reshaping supply, vacancy, and rental trends.
According to the No Room to Grow – Industrial Land Supply and Vacancy Report, the city’s industrial property footprint has expanded by almost 23 per cent since 2019, adding 2.96 million square metres of new space. Over the same period, 1,084 hectares of land were absorbed, averaging more than 210 hectares annually.
Vacancy rates reached a record low of 1.53 per cent in 2023 before easing to 4.27 per cent in mid-2025, reflecting continued take-up alongside new developments coming online. Prime industrial rents have risen by around 50 per cent since 2021, with occupiers showing a clear preference for modern, automation-ready facilities. Currently, only about 20 per cent of Brisbane’s larger industrial buildings are considered “prime.”
The report notes that logistics, retail distribution, and manufacturing have been key drivers of demand, while institutional investors remain active in both new projects and redevelopment opportunities. The Western Growth, South Side and TradeCoast precincts are identified as areas with significant development potential.
To support long-term growth, the Property Council has recommended measures including a dedicated Industrial Infrastructure Fund and closer collaboration between government, industry, and utility providers to align planning with future needs.
Jess Caire, Queensland Executive Director of the Property Council, says the findings underline the importance of forward planning. “Ensuring a pipeline of well-located industrial land is essential for supporting jobs and keeping supply chains efficient,” she says.
To read the full report, visit the Property Council of Australia website.
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