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NIET Secures Prime Brisbane CBD Premises for Expansion

21 March 2023

Award winning education institute ‘NIET’ have secured a new premises within 369 Ann St – A sublease opportunity spanning across an 862m2 floorplate. To accomodate growth within the sector and the business, the team at NIET paired with myself in seeking an expansion from their existing campus’ in Brisbane City, Hobart and the Gold Coast. 

Fitted education specific product within the Brisbane CBD leasing market has been in high demand over the course of the last 12 months, with limited availability in a range of sizes now apparent. Groups seeking this type of space are now having to broaden their search further out of the CBD or consider taking on unfitted space to overlay their bespoke fit out.

NIET Group CEO @Troy Yue provided the below commentary on the market, leasing procedure and his experience dealing with myself throughout the process;

“We worked closely with Angus to locate and negotiate on a new premises within the Brisbane CBD. To facilitate the expansion of business as well as anticipated growth of student base, we wanted a space that not only catered for this, but also presents well for our students. After a thorough search of the market, the opportunity within 369 Ann St was presented to us. The high quality existing fit out, natural light and accessible location were all drivers for this decision. Now occupying our new space on Ann St, we can facilitate not only a higher number of individuals looking for education but a broader range of classes/education.

Angus always challenged our brief and ensured we were provided key information at all times. He had a strong understanding of our drivers and aims and drove us to a positive outcome. We highly recommend his services if you are considering new office space.

The Australian international educational market has been a significant contributor to the country’s economy and has experienced tremendous growth over the decades. Before COVID-19, the sector generated AUD $38 billion in revenue and supported over 250,000 jobs.

With the outbreak of the COVID-19 pandemic in early 2020,  the sector had experienced substantial financial losses. From 2023 with now the border reopened, we could see a huge demand from international students for Australian Education, and the demand is increasing on a daily basis.

Looking forward to the next 6-12 months, we expect that the international education sector in Australia will continue to grow as Australia is seen as a quality education destination, and the country’s reputation as a safe and welcoming destination for international students is expected to continue to attract students from around the world.

Additionally, the government’s support for the sector and ongoing investments in infrastructure, research, and innovation are expected to further strengthen the sector’s growth over the long term.”

For more information on current availabilities, or information on the broader market, please don’t hesitate to contact myself on 0402 954 264 or at angus.smith@caden.com.au

– Angus Smith, Senior Executive Leasing Agent

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