Australia national industrial market overview 1Q21
1Q21 statistics on the national Australia Industrial markets.
May 07, 2021
The conditions in Australia’s industrial market continued to improve in 1Q21, outperforming the strong results recorded in recent quarters. Gross take-up reached a new record high, surpassing 1.1 million sqm in a quarter for the first time since JLL Research began tracking the market. Meanwhile, deferral of new project commencements during the peak of the pandemic last year pushed new completions to record low levels in a number of markets. The strong performance of the industrial sector through the last 18 months has drawn significant interest from a range of capital sources, withAUD 1.68 billion in sales already recorded in 2021 and a number of major transactions slated for the rest of the year.