> **来源：[研报客](https://pc.yanbaoke.cn)** # Perth Industrial Market Summary - Q1 2026 ## Core Content Overview The Perth industrial market has demonstrated strong performance in Q1 2026, with notable increases in land values and prime rents. The market continues to outperform most other Australian cities in rental growth over the past decade, making it an attractive investment opportunity. ## Key Market Indicators ### Land Values - **Small lots (<5,000sqm)**: Increased by **14.4%** year-over-year (y/y). - **Medium lots (1-5ha)**: Rose by **15.7%** y/y. - **Land values vary by precinct**: - **North**: Small lots at **$750/sqm**, Medium lots at **$475/sqm** - **East**: Small lots at **$700/sqm**, Medium lots at **$575/sqm** - **Inner South**: Small lots at **$706/sqm**, Medium lots at **$594/sqm** - **Outer South**: Small lots at **$525/sqm**, Medium lots at **$469/sqm** ### Prime Rents - **Average net face rent**: **\$164/sqm** - **Quarterly growth**: **4.5%** - **Annual growth**: **8.3%** - **Prime rents by precinct**: - **North**: **\$750/sqm** - **East**: **\$700/sqm** - **Inner South**: **\$706/sqm** - **Outer South**: **\$525/sqm** ### Yields - **Prime yields**: Remain flat at **6.5%** y/y. - **Secondary yields**: Also flat at **7.2%** y/y. - **Yield by grade**: - **Prime**: **6.5%** - **Secondary**: **7.2%** ## Rental Growth Comparison - Perth's **prime rental growth** has consistently outpaced all other Australian cities except **Sydney** over the last **10 years**. - **Compound Annual Growth Rate (CAGR)** for prime rental growth in Perth is **8.3%**. ## Recent Significant Sales | Property | Suburb | Precinct | Price ($M) | Building Size (sqm) | Price per sqm | Purchaser | Vendor | |------------------------|----------------|----------|-----------|---------------------|----------------|------------|------------| | 248 Welshpool Road | Welshpool | East | 10.5 | 4,092 | 2,554 | Private | RF CorVal | | 61-67 Nardine Close | High Wycombe | East | 16.1 | n/a | 800 | Toyota | Private | | 25 Delawney Street | Balcatta | North | 21.5 | 3,616 | 5,946 | Private | Private | **Notes**: - The sale of **25 Delawney Street** includes **laboratory equipment**. - The **61-67 Nardine Close** sale is for **land only**. ## Economic Indicators (2023–2029) ### Western Australia - **Annual GSP Growth (%)**: - 2023: 1.88 - 2024: 1.30 - 2025: 1.70 - 2026 (f): 1.60 - 2027 (f): 1.52 - 2028 (f): 1.64 - 2029 (f): 1.78 - **Annual Population Growth (%)**: - 2023: 3.39 - 2024: 2.91 - 2025: 2.17 - 2026 (f): 1.87 - 2027 (f): 1.65 - 2028 (f): 1.59 - 2029 (f): 1.58 - **Unemployment Rate (%)**: - 2023: 3.65 - 2024: 3.71 - 2025: 3.99 - 2026 (f): 4.50 - 2027 (f): 4.50 - 2028 (f): 4.20 - 2029 (f): 4.10 ### Australia - **CPI Inflation (%)**: - 2023: 4.05 - 2024: 2.42 - 2025: 3.73 - 2026 (f): 4.41 - 2027 (f): 2.65 - 2028 (f): 2.40 - 2029 (f): 2.57 - **Cash Rate (%)**: - 2023: 4.35 - 2024: 4.35 - 2025: 3.60 - 2026 (f): 4.10 - 2027 (f): 4.10 - 2028 (f): 3.60 - 2029 (f): 3.35 - **10-year Government Bond Yield (%)**: - 2023: 3.96 - 2024: 4.48 - 2025: 4.76 - 2026 (f): 4.93 - 2027 (f): 4.79 - 2028 (f): 4.34 - 2029 (f): 4.28 ## Contact Information - **Research & Consulting**: - Laurence Panozzo: +61401251876 | laurence.panozzo@au.knightfrank.com - Tony McGough: +61406928820 | tony.mcgough@au.knightfrank.com - **Industrial Logistics, WA**: - Geoff Thomson: +61407245801 | geoff.thomson@au.knightfrank.com - Lachlan Lewis: +61411227727 | lachlan.lewis@au.knightfrank.com - Dean Munns: +61428890283 | dean.munns@au.knightfrank.com - **Valuation & Advisory, WA**: - Cameron Thomson: +61408782929 | cameron.thomson@au.knightfrankval.com.au