Office Leasing Market Update
- hello484097
- Oct 22
- 4 min read
Updated: Oct 23
The Gold Coast office market has reaffirmed its strength as the tightest in Australia for the latest reporting period. According to The Property Council of Australia, overall supply remains extremely constrained in the Gold Coast, with limited new office projects expected to be completed by at least late 2027. This ongoing shortage is driving strong rental growth, with prime gross face rents up more than 10% over the past year, and secondary stock also benefiting as tenants seek alternatives.
+ Office Low Vacancy Rate
For landlords and developers, the combination of tight vacancy, rising rents, and an easing interest rate cycle suggests a window of opportunity to unlock new projects. For occupiers, however, it means acting early to secure space is more critical than ever.
FOR LEASE
+ The Lantern - Burleigh Heads
1–3 West Street, Burleigh Heads - A visionary new address in the Gold Coast's most in-demand urban precinct.
With construction underway and completion targeted for Q1 2027, Lantern presents a rare opportunity to secure high-quality commercial space in the tightly held Burleigh Heads market.
The building fuses coastal charm with modern sophistication, featuring:
Commercial suites from 38 m² to full-floor 363 m²
Premium rooftop amenities: mineral pools, sauna, BBQ zones, etc.
Automated basement valet parking
Shared end-of-trip facilities and bike storage
+ 10 Philippine Parade, Palm Beach
Offices from 150m² to 363m².
Lakeside Palm Beach is currently being transformed, revitalising the existing commercial building to deliver modern office spaces with a touch of retro charm. Completion is due in Q4 2025, and it will feature boutique office suites across levels 1 and 2 designed for businesses seeking both space and style.
+ 37 Connor St, Burleigh Heads
Offices from 41m² to 145m².
The building is situated at the intersection of Connor Street and Park Avenue, offering great exposure and foot traffic. The centre currently offers a range of office opportunities conveniently close to the iconic Burleigh Heads Beach and the upcoming light rail station, ensuring convenient accessibility for both locals and tourists.
+ 4 Griffith St, Coolangatta
Offices from 42m² to 110m².
An outstanding opportunity to lease one or combined freshly refurbished Level 1 office suites on Griffith Street, Coolangatta, with modern finishes, flexibility and superb positioning at the gateway to Coolangatta’s main commercial strip.
+ S9 13 Karp Court, Bundall
112m² office with 2 exclusive parking bays. Positioned in the heart of the Bundall commercial precinct, the centre is a well-built two-level office building home to a mix of professional occupiers. The tenancy offers the advantage of a corner position offering excellent natural light, a functional layout, and proximity to a thriving amenity hub.
+ Circle on Cavill, Surfers Paradise
Office spaces from 427m² to 581m².
The centre offers easy access, abundant car parking and a vibrant tenancy mix on the ground floor, including a Woolworths supermarket. There is centre parking accessible from the Gold Coast Highway and local public transport options, including bus and light rail stops at this location.
RECENTLY LEASED
+ 2 Park Avenue, Burleigh Heads
83m² office space.
This tenancy has been leased to the Queensland Police Service (QPS). A rare and strategic location, it benefits from its position within the Burleigh Heads retail precinct, surrounded by a vibrant mix of established brands that bring energy, atmosphere, and now, a new level of security to the area.
+ The Commons Casuarina
56m² office space.
This tenancy was leased to Stockland within just a couple of weeks on the market, highlighting the strong demand for prime office spaces in the region. Positioned on the ground floor and directly facing a large car park, the tenancy offers a highly accessible and practical workspace. The layout features two private offices, a reception area, and a kitchenette.
+ 1805 Gold Coast Hwy, Burleigh Heads
The 342 m² commercial suite has been strategically transformed from a single tenancy into three separate, purpose-built spaces. This flexible approach enabled us to meet the needs of the following high-quality tenants:
NPA Projects (176 m²)
GV Property Group (92.8 m²)
Molti (22.5 m²)
IN CONCLUSION
The Gold Coast office market, especially from Mermaid Beach to Coolangatta, is experiencing a dynamic phase with increasing demand for quality office spaces. Alma Property stands at the forefront of this evolving market, leveraging our expertise to facilitate key transactions and introduce upcoming commercial developments. Our strategic initiatives are designed to offer a diverse range of new leasing opportunities, supporting the growth of local businesses.
For landlords with tenancies expiring at low rent rates, now is the perfect time to put your property on the market or increase the rent for the next contract.
By consistently providing high-quality office spaces and exceptional service, Alma Property reinforces its position as the leading expert in commercial leasing on the Gold Coast, dedicated to the region's ongoing prosperity. Alma Property specialises in transforming office and retail spaces into vibrant and successful destinations. With our market expertise and strategic vision, we help property owners achieve their goals and maximise the potential of their assets.
