Cbre North Sydney Industrial Logistics Youtube Gross take up in 3q23 has increased compared to the last two quarters, totaling c. 825,000 sqm, which is close to the 5 year quarterly average rate (c.900,000 sqm) – owing to greater pre lease transactions. around one third of the total new floorspace to be delivered in 2023 was completed in 3q23, with total new supply for the cy2023 expected. Research. the research team supports cbre’s industrial & logistics service with high quality research, further strengthening the intel and advice we provide our clients. the team offers an innovative range of research and analysis, serving as a trusted advisor across commercial and residential property markets in australia. cbre represent the.
The Outlook For юааsydneyюабтащs юааindustrialюаб юааlogisticsюаб Market юааcbreюаб Australia Gross take up in 2q24 was the lowest quarterly take up recorded since 2015, totalling c.426,200 sqm. around 16% of the total new floorspace to be delivered this year was completed in 2q24, with new supply for the cy2024 expected to total close to 3 million sqm. rental growth this quarter has slowed across most major markets across australia. Industrial and logistics have recorded varying vacancy rates across australia’s major cities, from a high of 3% in melbourne to a low of 1.8% in sydney. cbre has launched a biennial data set, the first of its kind, that assesses industrial and logistics vacancy (in facilities over 4,000sqm in size) in sydney, melbourne, perth and brisbane. Key points: gross take up over the quarter increased significantly compared to 4q23, totalling circa 124,000 sqm over 1q24. the transport, postal & warehousing dominated total floorspace leased (55%). average vacancy remains low at 0.5% (as at 2h23). development supply was subdued this quarter, with 87,000 sqm in new floorspace added. Retail e commerce transactions are playing a growing role, with the predicted 720,000sqm of e commerce space needed in the next four years translating to a 37% jump in overall supply levels compared to historic averages. cbre pacific regional director, industrial & logistics, cameron grier noted, “given sydney’s limited development pipeline.
Cbre Industrial Logistics Linkedin Key points: gross take up over the quarter increased significantly compared to 4q23, totalling circa 124,000 sqm over 1q24. the transport, postal & warehousing dominated total floorspace leased (55%). average vacancy remains low at 0.5% (as at 2h23). development supply was subdued this quarter, with 87,000 sqm in new floorspace added. Retail e commerce transactions are playing a growing role, with the predicted 720,000sqm of e commerce space needed in the next four years translating to a 37% jump in overall supply levels compared to historic averages. cbre pacific regional director, industrial & logistics, cameron grier noted, “given sydney’s limited development pipeline. Australia’s industrial & logistics investment universe has reached close to $300 billion to be on par with the office sector for the first time following record rental growth nationwide. cbre research has broken down the market share of capital stock by city, with sydney leading at 44%. Central west inner south west south sydney north sydney 10 year average. cbre industrial zoned st . title: figures sydney industrial and logistics 3q23 author.
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