Opportunity: Fortitude Valley | Brisbane City Council

Eclectic and cosmopolitan, Fortitude Valley is experiencing strong growth in the residential and commercial sectors.

Central and accessible

  • One kilometre from Brisbane’s Central Business District (CBD)
  • Fortitude Valley Train Station provides easy access
  • Frequent bus services, including City Glider
  • Story Bridge provides access for cars and pedestrians to Kangaroo Point
  • Convenient to major arterial roads linking to North and South Brisbane
  • M3 Pacific Motorway is just minutes away

Local trends

  • Startups and creative industries
  • Innovative buildings, spaces and laneways
  • Vibrant nightlife and restaurant scene
  • Boutique retail
  • Café culture

Precincts

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  1. Brunswick Street Mall – entertainment and multicultural dining
  2. Chinatown Mall – exotic supermarkets, fashion and restaurants
  3. Emporium – boutique hotel, retail and dining with a European village feel
  4. James Street – light industrial turned leafy urban hub with local galleries, boutiques and design showrooms
  5. Arts precinct – Judith Wright Centre of Contemporary Arts and galleries
  6. Howard Smith Wharves – riverside landmark with gardens, hotel, exhibition centre and dining to open in 2018-19

Driving opportunity

Population growth

Generating additional demand for goods and services

  • One of the fastest growing suburbs in Brisbane, with the population expected to grow more than 5% each year
  • Projected to have a larger population than the Brisbane CBD by 2031
  • More than 65% of working-age population under the age of 35

Development activity

Bringing more people to live and work in the area

  • 567 dwellings approved in the 12 months ending December 2017
  • $600 million FV Flatiron and Valley House project to feature 900 apartments, hotel and retail at Alfred Street
  • THE CALILE luxury resort in James Street
  • Proposed $400 million commercial development at 801 Ann Street
  • 900 Ann Street the $92 Million corporate Aurizon headquarters
  • Proposed $140 million Valley Metro redevelopment

Infrastructure projects

New roads, transit, school, hospitals and other major infrastructure projects create significant opportunities for business

  • Brisbane’s first vertical high school proposed by 2020
  • Proposed ‘Festival Hall’ music venue to hold 3500 people
  • $110 million Howard Smith Wharves Revitalisation Project to provide a new riverside parkland and commercial development

Talented people

Access to a skilled workforce

  • 37% with bachelor degree level of education (compared to 32% for Brisbane Local Government Area)

 

Who has taken the opportunity?

  • Felons Brewing Co., Mr Percival’s and Greca Restaurant opened in the Howard Smith Wharves waterfront dining precinct (2018)
  • Arc Hardware Incubator opened in Brunswick Street to provide access to equipment for resource-intensive start-ups (2018)
  • 24-hour gastropub, Beirne Lane, opened in the revitalised T.C. Beirne Building on Brunswick Street Mall (2018)
  • Japanese inspired restaurant, Honto, opened in Alden Street (2018)
  • Blute’s Bar opened in Brunswick Street (2018)
  • Tesla opened its first Queensland electric vehicle showroom (2017)
  • David Jones launched its first Queensland boutique-style store in James St (2017)
  • The Precinct, a Queensland Government innovation and startup hub, located between the Brunswick Street and Chinatown Malls (2017)

Planning frameworks

More information

Other inner city investment areas

View other great investment areas in the inner city including Brisbane CBDDutton Park and FairfieldFortitude ValleyHighgate HillKangaroo PointKelvin Grove and HerstonNew FarmNewstead and Bowen HillsPaddington and MiltonRed HillSouth BrisbaneSpring HillWest End and Woolloongabba.