{"id":83559,"date":"2025-08-20T23:23:14","date_gmt":"2025-08-20T23:23:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/83559\/"},"modified":"2025-08-20T23:23:14","modified_gmt":"2025-08-20T23:23:14","slug":"the-key-industries-on-the-rise-as-brisbane-economy-hits-200b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/83559\/","title":{"rendered":"The key industries on the rise as Brisbane economy hits $200b"},"content":{"rendered":"

The number of hospitality venues has grown by about one-third since 2020, and overall employment in the greater Brisbane region by 22 per cent in that same period, the report found.<\/p>\n

\"Brisbane\u2019s<\/p>\n

Brisbane\u2019s health industry grew by 6 per cent last year, with the 2025 State of the City report finding \u201cthe city is a leading destination for clinical trials, commercialisation and export-led growth\u201d. Credit: Brisbane Economic Development Agency<\/p>\n

\u201cBrisbane\u2019s industries are flourishing, supported by stable governance, a favourable tax environment, the world\u2019s second-highest business freedom ranking and one of Australia\u2019s lowest regulatory burdens,\u201d the report read.<\/p>\n

The average cost of rent for inner-city office rental spaces in Brisbane fell 10 per cent below the national rate \u2013 about equal to Melbourne and half of Sydney rental costs.<\/p>\n

It found Brisbane office workers spent more time in the office than any other city,<\/a> choosing to work on-site 88 per cent of the time.<\/p>\n

The report also pointed to Queensland\u2019s payroll tax, which is the lowest in the country at 4.75 per cent for businesses with turnover below $6.5 million, and 4.95 per cent for businesses above that.<\/p>\n

Loading<\/p>\n

However, while business costs remained low, the report said Brisbane would have to consider \u201cland constraints\u201d and rely on infill development.<\/p>\n

\u201cBrisbane still offers significant inner-urban and suburban development opportunities, providing room to grow,\u201d the report read.<\/p>\n

For other challenges, such as cost pressures, the report pointed to the state government\u2019s productivity commission as a remedy.<\/p>\n

Lord Mayor Adrian Schrinner said the council was \u201cgetting on with the job\u201d in developing Brisbane across the next eight years.<\/p>\n

\u201cWith the global spotlight on us in the lead-up to the Brisbane 2032 Olympic and Paralympic Games, our momentum has never been greater, and we\u2019re building a better Brisbane right now,\u201d he said.<\/p>\n

Start the day with a summary of the day\u2019s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The number of hospitality venues has grown by about one-third since 2020, and overall employment in the greater…\n","protected":false},"author":2,"featured_media":83560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-83559","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/83559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=83559"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/83559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/83560"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=83559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=83559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=83559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}