New North Lakes retail precinct solving critical land crunch
One of South-East Queensland’s tightest markets is set to welcome a new commercial project, designed to meet soaring demand.
One of South-East Queensland’s tightest markets is set to welcome a new commercial project, designed to meet soaring demand.
‘Dawn Retail Centre’ is ideally positioned just minutes from Westfield North Lakes, presenting a rare leasing and showroom opportunity.
RWC Northern Corridor Group Principal Aaron Canavan said 42-52 Joyner Circuit arrives at a critical tipping point for local business infrastructure.
"This project is arriving at a time when demand for quality commercial accommodation in North Lakes is significantly outweighing supply," Mr Canavan said.
"North Lakes has continued to experience exceptional commercial growth, however there has been very limited new retail and commercial development delivered to market in recent years within the North Lakes CBD," Mr Canavan said.
"Businesses looking to enter the area are often left competing for older, existing tenancy stock."
The development features premium, flexible tenancies ranging from 100sqm to 438sqm, with options to combine layouts. The precinct caters for retail, food, medical, and service-based businesses, with leasing prices starting from $550/m².
RWC Northern Corridor Group's Bianca Jensen said businesses are now prioritising accessibility and localised population density.
"What makes this project particularly attractive is the flexibility of the tenancy mix and the strength of the surrounding catchment," Ms Jensen said. "Operators have a rare opportunity to position themselves within one of South-East Queensland’s most established and rapidly growing suburban areas.”
"With Super Butcher already committed to the precinct and very few comparable opportunities currently available, we expect strong enquiry from a broad range of occupiers seeking long term growth within the North Lakes market."