Industrial and logistics real estate demand at all-time high

The market for industrial and logistics space has continued to tighten, with most locations experiencing critical shortages of stock according to Frank Knight.

Vacancy rates have reached their lowest point in more than a decade, with the east coast having 44 per cent less vacant space than this time last year.

This has led to a rise in prime net face rents (blended average) of 6.6 per cent in Sydney, 5.3 per cent in Brisbane, 10.1 per cent in Melbourne, 9.4 per cent in Perth and 3 per cent in Adelaide, with Knight Frank expecting low supply to drive further rental growth through 2022.