RESEARCH
AUSTRALIA’S national industrial and logistics market remains the tightest in the world, despite the first upwards movement in the vacancy rate in years – and more are on the way...
CBRE’s Industrial and Logistics Vacancy report showed a lift in vacancy rates for all major markets across Australia in the second half of 2023, from 0.6% to 1.1%...
“We are now beginning to see upward movement in the vacancy rate across all major markets. Although the movements are not significant and remain at relatively low levels...
Net absorption continues to be dominated by occupier expansion, reaching 1.1 million sqm over the second half. This was concentrated in the Sydney and Melbourne markets as...
CBRE’s industrial and logistics regional director, Cameron Grier said, occupiers will “finally start having some choice in 2024”, although most are tipped to be taking the flight to...
“With this increased supply, it’s important to note most markets will remain well below historical vacancy levels.”...
Sydney vacancies to lift further
Vacancy levels continue to be at an all-time low in Sydney due to the lack of available space. The vacancy rise in the second half was mainly owing to...
CBRE’s Western Sydney managing director, Michael O’Neill said there will be an increasing number of vacancies coming online in the first half of next year and vacancies are...
“There will be leases that reflect rental growth in early Q1 but more broadly rents will stabilise with upward pressure on incentives likely. Most of the new stock coming online in...
Land supply continues to be impacted in parts of the Mamre Road and Aldington Precinct which will alleviate some of the downward pressure caused by the...
Melbourne’s vacancy rate has increased slightly to 1.6%, while the north and southeast/east vacancy rates both remained stable over the second half of the year at...
The Brisbane market has recorded the largest movement in the vacancy rate between H1 2023 and H2 2023, increasing to an average of 1.4% as net absorption fell by...
The south precinct, which had the lowest vacancy rate in Brisbane over H1 2023 at 0.3%, now has the highest vacancy rate of 2.7%. Most of the vacant space was in...
Jordan Kies of CBRE said several sale transactions have occurred in the final quarter, demonstrating that appetite for land and value-add assets continue to drive activity in...
“Vacancy remains tight, with the limited speculative development stock under construction being absorbed at a healthy rate. The gross occupancy cost of tenants is...