The Gold Coast industrial & logistics market is extremely land constrained, making it challenging for businesses to find suitable locations for expansion and new developments. By Daniel Coburn Colliers Director Industrial & Logistics.
The Gold Coast industrial & logistics market is extremely land constrained, making it challenging for businesses to find suitable locations for expansion and new developments.
“Collaborating with an experienced team that understands the Gold Coast market trends is crucial for navigating and identifying where the most suitable opportunities are for your business.” Mentioned Daniel Coburn, Director | Industrial & Logistics.
Factors such as high land values and rising construction costs has driven the increase in self-storage style projects across the Gold Coast market, which is combating the issue of finding suitable space for various businesses.
While addressing availability issues for some users in this market, others are experiencing a significant shortage of developments that permit a wider range of uses due to restrictions on business activities in self-storage facilities.
“This has resulted in putting further pressure on the values of existing facilities from freestanding property through to strata units – in size ranges from 250m² up to 10,000m².” Mentioned Mr. Coburn.
With this in mind and limited availability in the central markets of the Gold Coast, businesses are needing to look elsewhere in order to find functional space that is suitable for their specific requirements.
Precincts in northern Gold Coast, such as the Yatala Enterprise Area and Coomera, are benefitting from the migration of these businesses due to lack of opportunity.
“Rising interest in these markets has significantly improved sales and leasing values in this precinct, making it an opportune time for owners to look at the benefits of selling or leasing their assets within this ideally located precinct.” Mentioned Mr. Coburn.
To learn more about navigating the Gold Coast Market, how the team can maximise the potential of your property or the opportunities available reach out to Colliers Industrial & logistics expert.
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