We are pleased to launch our latest Industrial Shed Briefing Spotlight report. In this edition, we provide an overview of recent macro, leasing demand and investment trends for the major industrial and logistics markets in Australia.
Key takeaways from the report:
- Investment turnover (+$10M) in Q2 is 168% higher than its lowest quarter last year.
- Increased deal flow suggests gap between buyer and seller expectations is getting closer.
- Rental growth rates have slowed from 2023 peaks, as vacancy continues to rise.
- Incentives have also gradually increased, resulting in a decline in effective rental rates.
- The pipeline for 2024 has been scaled back, as leasing take-up shows signs of normalising.