This report provides the current industrial vacancy rate for buildings over 10,000m2 across the three capital cities on the Eastern Seaboard.
Vacancy rates are at historic lows, with 0.6% vacancy in Melbourne, 0.1% in Sydney and 0.9% in Brisbane. These are the lowest levels seen since Urbis commenced Industrial Vacancy research in 2013.
This has occurred in a market where the levels of new construction and supply for 2020-2022 were well ahead of the longer term averages in almost every location. Rental growth is now clearly evident on the ground, with the growth coming from both increased face rentals and also a fall in the incentives being provided.
Click on the thumbnail below to download a copy of the report.
