Research

Australian Logistics and Industrial Market Overview Q2 2023

National market statistics

August 03, 2023

Contributors:

Andrew Ballantyne
Annabel McFarlane

Occupier demand for industrial space rebounded in Q2 2023, predominantly driven by activity in Australia's two largest markets – Sydney and Melbourne. The ongoing mismatch between supply persisted with occupiers continuing to preference existing space over pre-leasing options. As a result, average prime net face rents maintained an upwards trajectory.

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