AUSTRALIA'S INDUSTRIAL HOT SPOT REVEALED

Written on the 25 May 2016

AUSTRALIA'S INDUSTRIAL HOT SPOT REVEALED

MELBOURNE'S west is emerging as one of the most in-demand regions for industrial businesses nationally, according to CBRE.

Research from the group shows a range of businesses and organisations have committed to more than 400,000sqm of existing or newly developed industrial space in the area over the past 18 months. 

It suggests Melbourne's western industrial market is experiencing strong building absorption year on year, with an average 10-12 per cent growth per annum since 2013.

"Growth has been driven by the area's positive underlying fundamentals," says Todd Grima of CBRE's Industrial and Logistics.

"(This includes) close proximity to major arterial roads which provide excellent access to the Port of Melbourne and Melbourne CBD, with substantial development projects currently underway to meet business demand."

A number of large developers have moved into the area recently including DEXUS, EMKC, Frasers, Vaughan's, Goodman and Charterhall.

In addition, the majority of committed industrial space has been by way of lease to occupiers including Target, Reject Shop, Kathmandu, Country Road, Fisher & Paykel and Global Freight.

"We are also seeing continued speculative development led by Frasers and Goodman with a combined approximately 45,000sqm currently under construction and nearing completion," says CBRE Director Tom Hayes.

"Businesses are increasingly targeting Melbourne's west to benefit from the competitive land rates in the area, with the region identified as having the most affordable industrial land, and therefore rentals, out of all industrial markets nationally."

Read more CBRE research stories:

ADELAIDE'S PROSPECTS AMID MANUFACTURING SLUMP

GREEN LANEWAYS TO UNLOCK NEW RETAIL OPPORTUNITIES

 


Latest News

2017 BRISBANE TOP COMPANIES REVEALED

WHILE Queensland is regarded as an economy in transition with the winding down of the mining boom, the 2017 top 50...

2017 BRISBANE TOP COMPANIES 1-10

FROM insurance and banking to travel, gambling, retail, property and pizza, these "heavyweights" have ha...

2017 BRISBANE TOP COMPANIES 11-20

RETAIL, property, an airline, cars, real estate, software services, energy, agriculture, veterinary services bathr...

2017 BRISBANE TOP COMPANIES 21-30

JEWELLERS Michael Hill International listed in 2016 with a half-billion dollar market capitalisation and a new CEO...

Related News

FURNITURE DISRUPTOR SET TO SHARE HIS ONE OF A KIND BUSINESS MODEL

IT'S no secret that Australians love homemaking. Their ceaseless quest to create the perfect place to call hom...

WEEDING OUT THE ASX'S BURGEONING CANNABIS TREND: 8 COMPANIES TO WATCH

A NICHE is budding on the ASX in the form of medical cannabis, an industry which has been on the country's rad...

FRESH CLASS ACTION TO REVEAL ANOTHER SIDE OF SLATER AND GORDON DOWNFALL

ACA LAWYERS has issued a formal letter of demand to Andrew Grech (pictured), managing director of Slater and Gordo...

STARSHIPS WERE MEANT TO DELIVER DOMINO'S PIZZA

NICKI Minaj may have been off the mark when she declared 'starships were meant to fly'. However, she m...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter