Browse all categories | Subscribe My Account | Logout
Browse all categories
< Back

Industrial land in hot demand

Property Markets / Outlook

Australia

Mar 26 2018

Add to Favorites

Share this Article:

Industrial land values have risen by up to 37 per cent, as the demand for online goods drives buyers to distribution centres. 
According to the latest JLL report, the sector is seeing the fastest annual growth in over 12 years, 
JLL’s head of industrial NSW, Michael Wall said growth was due to positive tenant activity, the rise in demand-led construction and a reduction in land. 
“Positive leasing activity and a reduction in stock availability has provided an environment for above trend rental growth. In 2017, Industrial rents across the Sydney market grew by the strongest annual growth rate in 12 years,'' Mr Wall told the Sydney Morning Herald.
The report also forecasts that in 2018, development completion levels will be the highest since 2008, with more than 524,000 square metres of developments already under near completion. 
There are concerns, however, relating to supply and its ability to respond to changes in demand. 

 

SOURCE:

img

You may also like...


Load More

bannerImage
bannerImage

Login into your MP Report account

Forgot my password

Sign up to the MP Report

Creating an account with MP Report allows you to save articles and update your preferences to filter the content based on your interests and what content you would like to receive from us via our email alerts and newsletter.

SIGN UP HERE >