Brisbane CBD building leases 4000sq m of space amid resurgence in activity

12 December 2022

Quality office space is attracting significant tenant interest in Brisbane as the market experiences a resurge in activity.

66 Eagle Street in the Brisbane CBD, an A-grade asset owned by Deka, has recently secured more than 4,000sq m in new lease commitments via three new tenants.

Fujitsu has signed up for 837sq m of space on level 13, while the Federal Government has leased levels 18 and 19 totalling 2,920sq m and WT Partnership has leased 376sq m on level13.

This follows recent lease renewals with both QIC and McCullough Robertson, which totalled more than 11,000sq m-plus combined.

Leasing rates in 66 Eagle Street start from $825 per square metre.

66 Eagle Street is situated within the Brisbane CBD’s Golden Triangle, with views of the Brisbane River and close to amenity including dining options and all forms of public transport and has a total net lettable area of 32,115sq m.

The building has recently been refurbished and features a striking new lobby with concierge services, a ground floor café and retail offering, first class end-of trip facilities, sustainably managed green features by Junglefy, onsite parking for 211 vehicles and a gold rated wired score for internet connectivity.

The leasing deals were negotiated by co-appointed agencies Knight Frank and CBRE.

Knight Frank Leasing Director Mark McCann said the recent tenant commitments to 66 Eagle St were testament to the quality of the asset’s refurbishment at ground floor and on floor upgrades, in addition to the large mainly column-free floor plates of up to 1460sq m per floor.

“There is a resurgence in corporate office activity and requirements in the Brisbane CBD at present which is largely due to new workplace designs being implemented as part of a corporate strategy to create an appealing workplace environment for staff to return to the office,” he said.

“Office assets like 66 Eagle Street that have invested in recent capital upgrades to enhance on-site amenity are benefiting from this renewed uptake in leasing activity.”

CBRE Associate Director, Investor Leasing Coen Riddle said: “66 Eagle Street positions itself as an enticing office accommodation solution for high-calibre businesses who are drawn to its premium lobby experience combined with its unrivalled on-floor workplace opportunities.

“The current focus on employee wellbeing as well as staff retention and attraction has led to many occupiers recentralising to core CBD locations such as 66 Eagle Street.

“Assets positioned around the iconic Fig Tree precinct will continue to attract aspirational organisations seeking to improve staff/client engagement.”