Gold Coast Holds Third Lowest Office Vacancy in Australia

The vacancy rate on the Gold Coast changed from 6.3 per cent in July 2023 to 6.4 per cent in January 2024, with the upper grades of office space experiencing strong demand, according to the latest Property Council Office Market Report. Queensland Executive Director of the Property Council Jen Williams said available office space on the Gold Coast was in short supply. "Office vacancy across the Gold Coast market remains extremely tight, with it being the third lowest in the country behind only Hobart and the Sunshine Coast," Ms Williams said. "It is likely that this will remain the case for the foreseeable future with project feasibilities for new office buildings remaining extremely challenging due to significant cost escalation pressures.

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