Urbis’ inaugural Eastern Seaboard Industrial Vacancy Report is available now. Overall, we’re seeing very low vacancy rates – at 2% in Sydney, 3% in Melbourne and 4.2% in Brisbane for Q3 2017.
This report provides the current industrial vacancy rate for buildings over 10,000sqm across Brisbane, Melbourne and Sydney – the first time the full Eastern Seaboard has been available.
The volume of speculative development activity that had pushed up vacancy rates has eased, there has been generally strong tenant inquiries for new premises, and land is now getting tight in many prime industrial locations.