Demand For Perth Industrial And Logistics On The Rise
Demand for industrial and logistics commercial property is rising as Western Australia’s economy bounces back from the COVID era, according to new data.
Property services group JLL said Perth’s industrial and logistics property market recorded 66,600sqm of take-up in the second quarter of 2022, with demand exceeding the two-year quarterly average of 48,300sqm.
The transport and logistics sectors dominated commercial tenant activity, contributing 25.8% of industrial demand for property over the last 12 months, closely followed by the manufacturing sector with 21.1% of the demand.
The share of demand from the manufacturing sector has grown from 14.1% in 2021 to 21.1% currently.
This has been driven by the resources and construction sectors creating a need for local manufacturers such as steel and alumina fabricators, to increase their footprints.