Our Real Estate Advisory team is pleased to provide you with our recent vacancy studies in Melbourne and Brisbane, underlining the strength of our service offering in Australia’s premier industrial real estate markets.
Melbourne Industrial Vacancy Study
“Vacancy rates have yet to feel the impact of Holden, Ford and Toyota ceasing motor vehicle manufacturing in Victoria, but this will translate to pressure on vacancy rates over the next few years.
In Melbourne, the industrial vacancy rate rose only slightly to 3.9 per cent. Major developers have reduced the volume of speculative built stock, which has contributed to the low vacancy rate. Most of the new stock has been pre-committed. Vacancy rates have yet to feel the impact of Holden, Ford and Toyota ceasing motor vehicle manufacturing in Victoria, but this will translate to pressure on vacancy rates over the next few years.
Download the Melbourne Industrial Vacancy Study here
Brisbane Industrial Vacancy Study
“Brisbane agents and owners are reporting an increase in enquiries over the past couple of months. We expect that the vacancy rate will fall over the next 12 months.
Meanwhile, in Brisbane the overall industrial vacancy rate has increased to 9.5 per cent over the previous six months from 8.4 per cent. The largest component of this vacancy lies within the secondary stock within the inner north and south industrial precincts. On a positive note, agents and owners are reporting an increase in enquiries over the past couple of months. We expect that the vacancy rate will fall over the next 12 months.
Download the Brisbane Industrial Vacancy Study here
Want to know more?
With in-depth experience in the industrial real estate sector, our experts can help you cut through the complex issues for all your valuations and advisory requirements.
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