Australian Industrial Market Overview 4Q21

4Q21 statistics on the national Australia Industrial markets.

February 14, 2022

Activity in Australia’s industrial and logistics sector has remained near record highs across both the occupier and investment markets. Gross take-up fell to below 1 million sqm for the first time in 2021, as declining vacancy in the two largest markets – Sydney and Melbourne – has placed a cap on leasing volumes. Development completions have accelerated from 3Q21, however full year totals were below average despite take-up reaching a new record high. This dynamic has continued to place upward pressure on prime face rents, which have growth by the fastest rate in over a decade in the last year.

The strong performance of the logistics and industrial sector continues to draw significant volume of capital from a range of sources, and transaction volumes exceeded AUD 17.5 billion in 2021, supporting further price growth.

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