Your guide to leasing commercial property in north Brisbane
Looking for a commercial lease in Brisbane’s north? The region is well-connected with strong amenity and offers excellent value.
Brisbane’s outer north is a hive of retail and commercial activity spanning from Hamilton North Shore to Nundah, Lutwyche, Chermside and the Airport.
With major arterial road links, strong retail and light industrial zones as well as premium office spaces, the Brisbane north region caters for a multitude of commercial lease arrangements.
A private investor that has benefitted from strong returns from commercial property in north Brisbane said the precinct of Nundah offered excellent amenity and transport options.
“We have been an active investor and avid believer in the Nundah Village for many years,” they said.
“The commercial precinct in the village has all the key ingredients to attract major office occupiers. Nundah is a rapidly growing residential catchment and we are excited to see the commercial precinct mirror that growth in the future.”
Affordable commercial property for lease north Brisbane
Searching for your next commercial property lease or office space for rent in Brisbane north is a great opportunity to realise additional value when it comes to rental costs and fit out.
Brisbane’s outer north offers excellent lease value when compared with inner city rental rates.
Rental rates in the outer north of Brisbane for A Grade property are between $450-$550/sqm gross compared with $550-650/sqm in the inner city.
For the typical three to five-year commercial lease, there are also great incentive discounts available on the outer north.
Incentives on A Grade property are typically between 35 to 45 per cent, meaning there is great support on offer for renters looking for a new fit out.
For example, with a 200sqm property on a five-year lease with a rate of $500/sqm, a 35 per cent incentive would deliver a total incentive pool of $175,000.
Car parking with properties for lease in north Brisbane
Another advantage of selecting the outer north for your next commercial or office property lease is the favourable car park arrangements.
While the area is well-serviced by public transport and main arterial roads, the car park ratio is superior to the inner north.
The car park ratio is typically 1:30sqm but can be as much as 1:15sqm where the office space is within a shopping centre like at 120 Chalk Street, Lutwyche, where there are more than 800 undercover car parks.
Car parking offerings in the inner north are not as generous with a typical car park ratio of 1:100sqm for existing buildings and 1:150-200sqm for new builds.
Great amenity for commercial property leases on the outer north
Leasing your next commercial property on the outer north puts your business in close proximity to a host of major shopping centres.
Not only can this help put your business in proximity to potential customers, it’s a great offering for your employees too.
Westfield Chermside is one of Australia’s biggest Westfield shopping centres and is located just 4kms from Lutwyche, making it the northern suburbs’ key shopping destination.
Lutwyche itself is a retail hub for the outer and inner north with its big box and niche offerings.
The DFO discount shopping outlet at Brisbane airport and Skygate development have also made the outer north a key destination for shoppers from across the city. Located 6kms from Hamilton North Shore and 13kms from the CBD, the precinct is a major shopping attraction.
Connectivity with commercial property leases on the outer north
The outer north is well serviced by transport options from highways to buses, trains and, at Hamilton North Shore, ferries.
A commercial property lease on the outer north means your business will be in close proximity to the Gateway motorway connecting the north and south east of the city.
The Clem 7 tunnel from Bowen Hills, just south of Lutwyche, bypasses the CBD to connect to the Pacific Motorway and also connects to the AirportlinkM7 to join the Gateway Motorway and airport precinct.
The train line runs in close proximity to the outer north regions of Lutwyche and Chermside with stops at Albion, Windsor, Nundah, Northgate and Eagle Junction while bus services from the north and south service Gympie Road.
This connectivity lends itself to a transient workforce who need access to highways for transport, making the outer north a convenient and accessible location to work.