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Sydney industrial market in growth phase
Released 4 April 2011

Increasing demand in the logistics sector is helping a recovery in the Sydney industrial market, with solid rent increases expected over the next two years, according to CB Richard Ellis.   

Peter Blade, CB Richard Ellis Director, Industrial & Logistics Services, said a range of third-party logistics providers were actively seeking space in western Sydney as were a number of larger corporates seeking to streamline their logistics operations.

“There is real pent up demand from logistics providers because there has been very little industrial development in Sydney over the past two years,” said Mr Blade.

CB Richard Ellis estimates that net face industrial rents are likely to grow by 3.1 per cent in 2011 and a further 1.8 per cent in 2012.

An average of 969,483sqm of space is expected to be completed per annum over 2011/12 with around 83 per cent of this construction to occur in Sydney’s west.