Sydney Industrial Briefing: Q2/2019
We are pleased to release the Q2/2019 Industrial Briefing Notes for Sydney, 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.
- The ‘Wholesale’ sector continues to dominate total leasing demand for industrial leasing space in Sydney’s leasing market, accounting for 41.4% of total leasing activity in the 12 months to June 2019
- Local ‘Trusts’ and ‘Funds’ have overtaken ‘Owner Occupiers’ and ‘Private Investors’ as the most active buyers in the past year, purchasing circa 50% of stock
- An increase in speculative development in conjunction with growing developer confidence has driven industrial supply in Sydney back to pre-GFC levels
- Although sales volumes were down from the record high levels in the 24 months prior, investor demand remains strong for industrial assets