Brisbane Industrial Briefing: Q2/2019
We are pleased to release the Q2/2019 Industrial Briefing Notes for Brisbane, which will outline key metrics across each market’s precinct, with detailed commentary on leasing, sales and development activity, infrastructure and an outlook for the market.
- Turnover of Brisbane industrial assets exceeded $1 billion in the year ending June 2019, up 30% on the previous period
- Brisbane prime industrial yields tightened 60 basis points on average over the year due to sustained investor demand, particularly from offshore investors
- On the back of a buoyant pre-commitment market, industrial supply in Brisbane is expected to reach 304,000 square metres in 2019 - a 78% increase on the year prior
- Land value growth is steady in all precincts with high demand for serviced sites and continued speculative development expected