Office Leasing Market Update
- hello484097
- Jul 25
- 4 min read
Updated: Sep 15
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.
New supply of office space
+ The Landmark - Mermaid Beach
Aniko Group has gained approval for a $2bn residential, commercial, retail and hotel project at Mermaid Beach. The Landmark design will include three residential towers and a fourth tower featuring a 5-Star International Hotel with branded residences.
A total of 8,146m² of commercial space is planned to be available at project completion. This area is divided into 4 levels across the 4 towers. Aniko Group has reaffirmed its plans to start construction of the first stage of The Landmark in the final quarter of 2024.
Mermaid Beach has become the Gold Coast’s most dynamic beachside suburb, and this development will create a new beating heart for the area.
Aniko Group managing director George Mastrocostas said,
“Stepping up off the ground into commercial offices provides a supply of new office space that the area has been seeking.
+ The Lantern - Burleigh Heads
1–3 West Street, Burleigh Heads A visionary new address in the Gold Coast's most in-demand urban precinct
We’re proud to put Lantern on the market, a premium mixed-use project at the gateway of James Street in Burleigh Heads. This exclusive address offers bespoke commercial and retail leasing opportunities in a landmark building where architecture, lifestyle, and business intersect.
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.
Ocean views from all upper levels
Automated basement valet parking (approx. 39 bays)
Shared end-of-trip facilities and bike storage
Lantern offers tailored spaces for future-focused operators looking to embed their brand in a thriving beachside CBD.
Market Insight
With the Gold Coast office vacancy at record lows and no other new major office supply expected to be delivered in the area, Lantern stands out as a future-proofed opportunity in a blue-chip location. Burleigh Heads has seen a significant uplift in tenant demand, spurred by its lifestyle, connectivity, and community culture.
“This is more than just a leasing opportunity. It’s a strategic move into the Gold Coast’s most sought-after precinct.”
FULLY LEASED
+ 1805 Gold Coast Hwy, Burleigh Heads
Alma Property recently leased a prime office in Burleigh Heads, experiencing a high volume of enquiries and offers throughout the leasing campaign. This indicates the market is responding well to commercial opportunities.
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)
NPA Projects excels in off-the-plan marketing, sales, and commercial leasing services across South East Queensland. Their substantial tenancy underscores our building’s suitability for project-driven firms needing flexible yet polished space for marketing, administration, and client liaison.
➤ GV Property Group (92.8 m²)
As specialists in development site and commercial property sales on the Gold Coast, GV Property Group brings strategic leasing relevance and gravitas to the building. Founded in 2015, they boast an impressive track record - Over 90 sites and 440+ property transactions, predominantly along the Gold Coast coastline to Byron Bay.
➤ Molti (22.5 m²)
Molti is well-suited by the compact dedicated space and benefits strongly from the exposure and shared amenities in our building.. Their presence contributes to a broadened industry mix and collaborative synergy.
Property Highlights - Level 1
• Excellent signage with direct exposure to north & southbound traffic
• 6 exclusive and secure car parks.
• 2 exclusive-use balconies offering relaxing outdoor spaces for informal meetings.
• Close proximity to a variety of bars and restaurants,
• 300m from Burleigh Heads Beach,
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.
