Jennelle Wilson Knight Frank

There is an opportunity for investors to build facilities of scale for life sciences* and innovation users in South East Queensland to meet demand, according to a new report from Knight Frank, Life Science and Innovation report. 

Report author and Knight Frank Partner, Research and Consulting Queensland Jennelle Wilson said with no new supply until late 2024, the vacancy rate had the ability to make meaningful reductions as ‘new product’ would be limited to refurbished space.

Knight Frank has released its Brisbane Suburban Office Market Report February 2023. The report authored by Jennelle Wilson found sales fell from a record $479m in 2021 to $266.66m in 2022, as overall investor activity fell due to the rising cost of debt, with sales volumes were expected to...