Although the Woolstore Precinct is situated close to the Brisbane River, the severe flood that occurred on 2011 did not caused any major damage to the buildings in the precinct. Even though in the nearby suburb of New Farm a considerable amount of residence and commercial area was inundated during the river surge (and by stormwater backing up drains), only parts of the riverside walkways in the Woolstore Precinct were flooded. All buildings and the major roads of Macquarie Street, Vernon Terrace and Skyring Terrace within the boundary of Woolstore Precinct were located high enough from the highest water level recorded and thus were safe from the flood. River debris were washed up at the end of Commercial Road near the Teneriffe Ferry and also on the walkway outside Eve Restaurant. The Nouvelle Apartments on Skyring Terrace reported some drain backflow problem but was not severe.