Strong demand for industrial space has led to limited availability, particularly in prime locations and modern facilities says David Ferreri.

Coutts director, David Ferreri, said “We have recently transacted a significant number of leases on behalf of private clients who own free standing assets across Wetherill Park and Smithfield areas at rates of $200 Pm2 Net, in some cases more''.

Rental rates have been increasing steadily due to high demand and limited supply, he added. 

The region's excellent transport infrastructure, including major highways, motorways, and the planned Western Sydney Airport, enhances connectivity and accessibility for businesses according to Mr Ferreri.

Western Sydney has a large and diverse workforce, providing a pool of skilled and unskilled labour for various industries, added the regions popularity. 

Mr Ferrari further commented, “The Western Sydney industrial market is a thriving and dynamic sector, supported by a strong economy, favourable business environment, and strategic location. The region's industrial precincts, high demand for industrial space, and steady rental rate increases indicate its attractiveness for businesses. Government infrastructure investments and the availability of a skilled workforce further contribute to its attractiveness as a destination for industrial and other commercial users says David Ferreri.

Sale rates also remain relatively strong, says Mr Ferreri having recently transacted four freestanding properties across the Wetherill Park and Smithfield industrial zones for a combined total of $20M. The properties sold in the range of $4,500pm2-$5,500 psm, with some purchased by owner occupiers and others by passive investors looking for secure income stream .

In addition to the above sales, Mr Ferrari highlighted the below two recent lease transactions.

32 Bentley Street, Wetherill Park Leased for $200Pm2+ Outgoings and GST 

13 Walker Place, Wetherill Park leased for $200Pm2+Outgoings and GST, both negotiated by David Ferreri.

To request lease and or sales analysis of the above transactions please contact the David Ferreri of Coutts, via the below contact details.