2Q21 statistics on the national Australia Industrial markets.
August 06, 2021
The conditions in Australia’s logistics and industrial market continued to outperform historic benchmarks in 2Q21, reaching new records in both the occupier and investment markets. Gross take-up reached a second consecutive record high this quarter, surpassing 1.2 million sqm and exceeding last quarter’s 1.1 million sqm. The record level of occupier activity has spurred developers into action, as over 800,000 sqm of new projects commenced in 2Q21 with healthy levels of pre-commitment. This is largest commencements total since JLL began tracking the market nationally. The strong performance of the logistics and industrial sector continues to draw significant volume of capital from a range of sources, culminating in the quarterly transaction total (AUD 7.03 billion) in 2Q21 outperforming most annual totals over the last decade.