"With the first quarter of the year already behind us, Quartz has officially celebrated its 2nd anniversary. Along with this milestone came an office move and an opportunity to refresh our brand (you may have noticed our new blue!). More importantly, we’ve refined our identity to ensure a clear and consistent understanding of what we do best.
Moving forward, our core focus is on investment grade assets (primarily LFR, Neighbourhood centres, Medical & Office) and development sites throughout Queensland. We see these as not only opportunities for buyers to manufacture capital growth and increase rent, but also give sellers the ability to capitalise on the high volume of buyers attracted to opportunities outside of the heavily competitive Industrial space.
Leasing demand has softened in the first quarter of this year, with external economic uncertainty and cost increases being the primary driver. A lot of small to medium private businesses are very price sensitive whilst waiting to have more economic certainty moving forward. As usually with the Federal election cycle, it will be interesting to see if this demand increases once we cross May 3."
—Grant Brix, Founder/ Director
Market Overview
Investor confidence in Southeast Queensland remains strong, with demand focused on resilient, needs-based assets. Retail, large format retail, childcare, and medical continue to perform, backed by solid fundamentals and population growth. While the office sector is more selective, quality assets with strong tenancy profiles are drawing renewed interest. With infrastructure investment and migration trends fuelling long-term demand, SEQ is firmly on the radar for strategic commercial investment.
On the ground we’re seeing high demand across several cross sections:
- Smaller suburban retail centres sub $2,000,000 to $3,000,000 with buyers willing to offer cap rates as low as 5.4% with the view to either refurbish and reset the leases or banking on capital growth of the surrounding residential areas to benefit off.
- Centres that can be refurbished or assets that can be repositioned to attract a higher calibre of occupier (think office to medical or industrial to showroom) primarily through cosmetic means through all price points up to $20,000,000.
- Secure set and forget investments with national occupiers as long term holds.
For more information, please contact our Founder/Director, Grant Brix on grant@quartzcorp.com.au or 0488 241 193.
