The results for July represent a 0.4 per cent decrease in vacancy since January, driven by increased demand and no new supply coming into the market over the past six months. Almost 2,500 square metres were absorbed by new occupants in Bundall during the first half of 2026, offsetting smaller increases to vacancies in Robina, Varsity Lakes and Southport.
Property Council Queensland Executive Director Jess Caire said the very low pipeline of future office space would make it hard for businesses looking to expand or move to the Gold Coast in coming years.
“Despite strong economic activity on the Gold Coast, we are yet to see that translate into sufficient new office projects to accommodate new and growing businesses,” Ms Caire said.
“As the Gold Coast continues to mature and expand as a destination for business, it is vital we have the office space required to house the professional services and other businesses looking to set up here.”
CBRE Senior Director Tania Moore said the Gold Coast office market will remain favourable to landlords over the coming years, with ongoing supply restraints continuing to limit tenant mobility and support rental growth across all building grades.
“We expect rental growth to remain strong for landlords as a result of the current supply imbalance on the Gold Coast,” Ms Moore said.
“There has been a significant resurgence in decision making by tenants throughout June and this reinforces our view that occupier demand remains fundamentally strong. The underlying drivers of office demand on the Gold Coast, including population growth, business migration and economic expansion, remain firmly in place.
“Looking ahead, we anticipate market conditions will continue to tighten as supply remains constrained and leasing demand resumes its upward trajectory.”
Ms Caire said that until there were more office projects in the pipeline, the Gold Coast could miss out on reaching its full economic potential.
“It’s vital that council and governments are pragmatic and respond to this shortage through better planning, tax and rate settings to help get offices out of the ground,” Ms Caire added.
“Without the right approach, the Gold Coast risks missing out on the jobs and economic opportunities required to sustain that growth over the long term.”
In other Queensland office markets, the Brisbane CBD recorded the lowest CBD vacancy rate in the country at 10.2 per cent, while the Brisbane Fringe market experienced a slight uplift in vacancy as major tenants moved to the city centre.
