Brisbane office lease may be sign of city's office market recovery

JLL has negotiated two lease deals at 82 Eagle Street, as Brisbane’s office activity shows signs of recovery.

A 12 storey office building situated in the Brisbane CBD, 82 Eagle Street has gained two new tenants, the first, Bryant and Co and the second, Jereh Group.

Bryant and Co, a local accounting and auditing firm, will relocate from Wharf Street to lease 110 square metres on level seven at the market rate of $525 per square metre.

Jereh Group an international group specializing in oil and gas, power, and environmental management and has taken 122 square metres on level three, also at the market rate.

Both levels featured a fully-fitted office space.

Leasing agent Brandon Ciocca said the Brisbane CBD market was heading in the right direction with an increase in tenant demand set to offset recent office vacancy. 

“Brisbane’s office market will continue to see a notable fall in office vacancy as a result of the improving economic conditions and positive sentiment around tenant demand with lower-grade stock owners investing in new fit outs to attract tenants,” he said.