The Western Sydney industrial market continues to be robust driven by factors such as infrastructure development, population growth, and e-commerce expansion, says David Ferreri of Coutts.
The Western Sydney industrial market continues to be robust driven by factors such as infrastructure development, population growth, and e-commerce expansion, says David Ferreri of Coutts.
Western Sydney remains a key industrial hub in Australia, characterized by its strategic location, excellent transport infrastructure, and diverse industrial landscape. The region is home to a wide range of industrial facilities, including warehouses, distribution centers, manufacturing plants, and logistics hubs. With its proximity to major transport arteries, including the M4 and M7 motorways, says David Ferreri of Coutts.
Vacancy rates have remained relatively low, indicating strong demand for industrial space.
Rental yields have also remained stable with Prime industrial properties commanding higher yields due to their desirable location and modern facilities.
The industrial property sales market in Western Sydney has seen consistent activity, with a mix of institutional investors, private equity funds, and owner-occupiers participating in transactions. Recent sales have also showcased strong investor appetite for well-located industrial assets. David Ferreri has also recently transacted the sale of 5 Hargraves Place, Wetherill Park, a freestanding asset providing 632m2 of building situated on 1,121m2 of land area for $3.7M as well as 2-4 Cuulen Place, Smithfield providing 1,242m2 of building situarted on 3,271m2 of land area for $6.2M. Both transactions highlight the continued apatite for quality industrial space says David Ferreri.
In conclusion, The Western Sydney industrial market remains a vibrant and sought-after sector, supported by favourable market fundamentals and strong investor interest. Low vacancy rates, stable rental yields, and consistent sales activity underscore the region's resilience and attractiveness to investors. Recent notable transactions highlight the ongoing demand for high-quality industrial assets in strategic locations within Western Sydney. As the region continues to grow and evolve, the industrial market is expected to remain a key driver of economic activity and investment in the years to come.
Recent transactions by David Ferrari of Coutts highlight continued demand for quality industrial space