Melbourne Industrial Research
Melbourne Industrial Market Overview
July 2018 highlights:
- Pre-lease activity reach an all-time high in 2017, as the flight to purpose-built facilities continues. Nevertheless, demand for cost-effective existing stock has pushed up face and effective rents.
- The shortage of industrial land has placed upward pressure on land values and has also made way for new industrial land outside of the metropolitan area.
- Despite the scarcity of investment opportunities, investors in the industrial sector remained active, causing further yield compression in both prime and secondary markets.