Australian Logistics and Industrial Market Overview Q4 2023
National market statistics
- Andrew Ballantyne
- Annabel McFarlane
As we move into 2024, increasing challenges in global and domestic supply chain is generating demand for space as retailers and wholesalers look to mitigate inventory risk. Conversely, goods movement in and out of Australian ports is slowing as shipping freight access and routes remain congested. That being said, the occupier demand for modern warehouse space to fulfill net-zero sustainability targets is still driving still prelease activity, albeit at lower levels that previous years.