Colliers Brisbane Industrial & Logistics team consistently monitor market activity and ensure clients are kept updated on how it impacts their business.

With experts covering various markets, they ensure their clients stay well-informed about all opportunities and when to make the right decisions.

“As the end of the first quarter of 2024 approaches the industrial & logistics market continues to perform strongly, with excellent fundamentals and a robust outlook despite broader economic headwinds.” Mentions David Brisk, National Director, Industrial & Logistics | Brisbane.

The Brisbane industrial & logistics market is in good shape, with rents, land rates and capital values of buildings that are selling holding firm.

“Despite the headwinds of the overall economy across 2023 including rising cost of inventory and reduced consumer spending, total take-up activity across the Brisbane industrial & logistics market has remained strong.” Notes Mr Brisk.

The market experienced take-up of almost 960,000m² for deals above 5,000m², which is only 12% shy of a record high achieved in 2022 and much higher than the long-term average of 527,600m².

Availability of supply for the Brisbane market will remain tight in 2024, with 467,000m² of industrial & logistics space becoming available, however only 382,000m² of this is uncommitted space.

This comes off the back of two years of strong take-up averaging 900,000m², and a rolling 10-year average.

Available land to purchase within the Brisbane industrial & logistics market has begun to decline, with most opportunities for this space limited to fringe areas.

Additionally, development pipelines have dwindled slightly, with only 900Ha of developable industrial land in Brisbane greater than 2Ha.

“As a result of available land to purchase, increased construction costs and development opportunities slowing down, the leasing market is well placed, with strong fundamentals and record rates.” Said Nick Evans, National Director, Industrial & Logistics | Brisbane.

A key leasing deal within the Brisbane market reflecting a strong record rent is, Prestige Blending taking up 4,920m² in Yatala for $157.50/m² net, with minimal incentive.

Additionally, Smith Chips (Pepsico) taking 13,090m² in Murarrie for $195/m² net, with a small incentive is evidence of another strong rent being achieved within the Brisbane market.

“Although the market is reflecting good fundamentals, a strong performance, and record rents, it is important those seeking property to invest or occupy stay well informed to know when and where to capitalise.” mentions Mr Evans.

Colliers team of experts are across the impacts of the industrial & logistics market.

Now is the right time to engage with the team and explore your investment or occupier requirements.

Taking the proactive steps now, means you can understand the implications of the current market on your business, enabling you to be prepared in making informed decisions at the most opportune moments.

Avoid waiting, reach out to Colliers Brisbane Industrial & Logistics sales and leasing experts to ensure your success and maximised outcomes.

Leverage Colliers extensive experience and data platforms, to gain insights into the current market dynamics.

Source: Colliers Data Platforms and SA1 Property.