Brisbane commercial real estate opportunities are growing, namely in the western corridor city of Greater Springfield. As this burgeoning South East Queensland city expands its development in commercial, residential, and spatial urban zones, families, investors and business leaders alike are coming to acknowledge the potential of the region.
Investors and businesses are both recognising Greater Springfield as a viable location for profitable commercial real estate investment in the wider Brisbane area with many commercial properties available for budding businesses. However, investment in commercial real estate can be more complex than residential property and success in this area relies on a number of factors. Currently smaller than its big brother Brisbane, Greater Springfield’s commercial real estate is full of potential with many economic indicators coming into alignment.
Main Considerations for Commercial Real Estate Investment in Brisbane & Greater Springfield
For investors and businesses looking for commercial real estate in Brisbane and Greater Springfield, the primary factors that influence commercial property demand include:
When the Reserve Bank of Australia lowers interest rates, it means to stoke growth into the economy, allowing those who wish to seek finance for large investments, such as commercial real estate, to do so. So, with interest rates currently at record lows, the stage seems set for investors.
The development of infrastructure is a large contributor to increasing the demand for commercial property. Greater Springfield excels in this category and the unrelenting progress of Greater Springfield’s investment into health, education, technology and transport will undoubtedly encourage more businesses to establish a presence in Greater Springfield.
Demographics can influence the types of commercial real estate that is available in a community. In Greater Springfield’s case, young professionals and families make up the majority of residents. As Greater Springfield is a master planned city, this provides investors an indication as to the current and future needs of those who will be living in Greater Springfield and helps them to identify the types of businesses that will be occupying commercial property in the area.
It’s simple arithmetic – as a location’s population continues to grow, so too does the demand for services. Greater Springfield’s population has only continued to grow with a projection that the city will reach 115,000 residents by 2036.
It’s clear that Greater Springfield ticks many of the boxes for successful investment. So what commercial real estate opportunities are available in Brisbane and Greater Springfield?
Current Commercial Real Estate Opportunities in Brisbane and Greater Springfield
Springfield Tower – Commercial Property for Lease
Located in Parkside, commercial real estate in Springfield Tower is available in the form of office spaces with secured basement parking and is in close proximity to retail, and public transport. Find out more about the Springfield Tower or enquire about leasing options today!
GE HQ – Commercial Leases Available
Overlooking the beautiful Robelle Domain, commercial office spaces in GE HQ have access to an in-house childcare centre, coffee shops and restaurants located on the ground floor. Register your interest in a GE HQ space or find out more about this great facility.
Greater Springfield Specialist and Office Suites – Ground Floor Retail Lease Opportunity
Situated in Greater Springfield’s Health City, the Greater Springfield Specialist and Office Suites is a state of the art facility that will house commercial real estate adjacent to the Mater Private Hospital, AVEO Springfield and the newly opened 80 bed Quest Apartments. Be a part of Australia’s largest integrated health and wellness precinct and find out more about the Greater Springfield Specialist and Office Suites.
Vicinity – Mixed Commercial Property Space
Vicinity is a 40-hectare mixed-use precinct including showroom, office, service trade and automotive.
Located in Augustine Heights in Greater Springfield with direct access to major transport corridors, Vicinity provides high exposure with 31,400* vehicles passing every day along Augusta Parkway. Vicinity’s tenants currently include Veolia, Queensland Ambulance Services, McDonalds, GYGs, Red Rooster, Guardian Childcare, SRS Confectionary and many other businesses. An automotive precinct is also being planned
Hub 23 is a mixed-work space located in Vicinity, a sprawling corporate epicentre with commercial real estate at this address being only walking distance from the exquisite Brookwater Golf Course and easily accessible via bus and train. With only 2 office units remaining, Hub 23 is a Brisbane commercial real estate opportunity that will not last forever! Enquire or find out more about these spaces here.
Many More Springfield and Brisbane Real Estate & Commercial Lease Opportunities to Come…
With such enormous investments in infrastructure and construction, new commercial developments are appearing in Greater Springfield all the time. If you’re looking for Brisbane’s best commercial real estate opportunities, Greater Springfield has so many options to choose from and is only going to keep growing.
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