The Brisbane Olympic Games is expected to amplify infrastructure investment, strengthen market fundamentals, and reinforce the long-term growth trajectory of South East Queensland’s Industrial & Logistics sector, new CBRE research shows.
The Olympic Impact on Brisbane Industrial & Logistics report builds on the foundations established in our recent Brisbane 2032: Separating the Real Estate Myths from Reality report and examines the implications of the Games for the industrial and logistics sector.
CBRE’s Head of Industrial & Logistics Research Sass Jalili notes the report finds Brisbane 2032 is unlikely to create a one-off demand event for industrial property.
“We estimate Olympic-related activity could generate an additional 150,000-300,000 sqm of industrial and logistics demand by 2032, representing an uplift of approximately 10% above baseline demand forecasts,” Ms Jalili said.
“The London experience demonstrated how major event-led infrastructure investment can have a lasting impact on industrial markets, with Stratford significantly outperforming the broader market following the Olympic announcement.
“While construction activity may place pressure on labour availability, industrial development feasibility and supply delivery over the short term, these same dynamics are expected to reinforce rental growth and land value appreciation across well-located industrial precincts connected to major freight corridors,” Ms Jalili added.
CBRE’s State Director, Industrial & Logistics, Queensland, Matthew Frazer-Ryan said, “Brisbane 2032 is helping accelerate a once-in-a-generation infrastructure program across South East Queensland, strengthening connectivity between key freight corridors, industrial precincts, the Port of Brisbane and Brisbane Airport. Combined with continued population growth and business investment, these improvements are expected to support long-term demand for industrial investments, future development land and logistics facilities across the region.”
