_Industrial Intel H1 2020

The latest edition of Industrial Intel will provide a snapshot of how our major industrial markets across Australia have fared in the first half of 2020 and throughout COVID-19, along with highlighting our key appointments and recent transactions.

Key highlights from each city are outlined below, with the full edition available for download here. 

Brisbane 

• Continued healthy take up of A Grade space across the market 
• Growth of 3PL tenants set to continue into the future, particularly with massive online adoption due to COVID-19

Sydney (pre-COVID-19)

• Leasing stock scarcity
• Risen land values
• Strong investment demand
• Scarcity of A Grade stock

Melbourne

• Industrial rental growth slowed in the second half of 2019, as the market adjusted to recent increases in rents witnessed since 2017
• Industrial land values in Melbourne have increased over the last 12 months, driven by increases in prices recorded in the South East and West

Adelaide

• A record low cash rate coupled with the abolition of stamp duty on commercial property has continued to have a positive impact on the local industrial property market
• Local market is now firmly on the radar for both national and international markets, given the yield spread of some 100 bps when compared to the eastern states, continues to drives buyer demand
• Majority of leasing transactions have been in the inner north precinct, demonstrating the continuing demand for this strategic position locale. This is leading to above trend growth in land rates

Perth

• Investment yields continue to fall
• Owner/occupiers are returning to the market
• Government investment fuelling demand