2024-09-04-莱坊-Australian_Industrial_Review_Q2_2024_16页_1mb

Australian Industrial Market Summary (Q2 2024)

Higher liquidity and active institutional/offshore investment drove market activity in the Australian industrial sector during Q2 2024. The Eastern Seaboard, particularly the East Coast, experienced rising vacancy rates, with Brisbane leading at +166,208 sqm, contributing to overall vacancy tripling from the start of 2024. Supply surged, with 2024's developments projected to reach over 2 million sqm, including strong pre-commitment rates. Prime and secondary rents showed stabilization, with minor increases in core cities, reflecting slower occupier demand but ongoing institutional activity. Perth recorded strong prime rental growth at 12.9%, while Adelaide and Melbourne saw moderate changes. Key drivers included efficiency and ESG standards, with institutional investors focusing on portfolio acquisitions and cross-border strategies. Land values increased elsewhere due to constrained supply, and transport/logistics and retail tenants remained active, accounting for significant take-up. City-specific trends featured Brisbane's rental hikes and Perth's steady growth, with vacancy predominantly concentrated in northern and western precincts. Overall, the market balanced supply growth with strong occupier demand, supported by institutional investments.