Over the past 15 years, economic growth on the Sunshine Coast has outperformed almost every other regional economy, sparking a wave of new residential, office and retail development.
The Sunshine Coast’s economy continues to evolve into a modern, ‘smart’ economy based on sound growth across numerous high valued and knowledge-based sectors including professional business services, innovative manufacturing and numerous high-tech start-ups.
The strength of the regional economy is based in its diversity and strength across a number of key sectors including healthcare, education, finance and professional business services.
The latest Sunshine Coast Business Confidence Survey reflects the continuing, sustained positive outlook of the 31,695 businesses registered on the Coast (ABS, 2019), demonstrating increasing confidence trends over time since 2009, and the high degree of confidence in current and future economic growth in the region (Boardroom Business, 2018).
More for your money
A-grade commercial leasing costs2
The Sunshine Coast is one of only three places in Australia with an international submarine broadband cable connection. A-Grade commercial leasing costs in the other two locations are up to three times greater.
Lowest payroll tax3
The Sunshine Coast has one of the best performing office markets in Australia, boasting 193,476m2 of space (January 2021), with 3750m2 added in the preceding 12 months. There is increased demand for prime stock which now represents 44% of total stock in the region.
Office rents remain affordable, with A-grade space on the Sunshine Coast ranging from $425 to $440 per m2, and from $280 to $340 per m2 for B-grade stock.
The Sunshine Coast is home to industry disruptors like Youi, Huddle, Gourmet Garden, Country Chef, Ambrose Building, Auto & General, Get Wines Direct and Office HQ.
Businesses tap into an inspired workforce of more than 83,000 students across University of Sunshine Coast, two TAFE campuses and more than 150 registered
Ready to go and room to grow
Cost effective office, commercial and retail space is available for lease or sale across the region. Whether you’re looking for a stunning waterside office with river views, a retail space in a high traffic area or something more specific like a co-working location in a health precinct, options are available right now.
As well as the emerging master-planned Maroochydore City Centre, the Sunshine Coast has room for all kinds of businesses to grow.
Commercial and residential land, commercial precincts and an increasing stock of quality office space makes the region stand out from the crowd. The Sunshine Coast is ideal for businesses looking to escape big city costs without giving up city style infrastructure and for startups keen to be part of an entrepreneurial community.
1. economy.id, Sunshine Coast Region
2. Savills Research National Office Q1 2021
3. Lucid Economics, Sunshine Coast Economic Profile 2021
4. ABS, Building Approvals, Australia, catalogue number 8731.0.
Compiled and presented in economy.id by.id (informed decisions)