The latest report from AND Property highlights sustained demand and increasing investment in Melbourne’s western industrial market, despite economic challenges.

Key findings from the report reveal a 4% vacancy rate, slightly above historical averages but still reflecting strong tenant demand.Areas such as Truganina and Laverton North remain highly sought a shortages driving prices upward. Developers are now searching further west to Tarneit, Ravenhall, and Melton for new opportunities.

Infrastructure projects like the Western Interstate Freight Terminal (WIFT) and West Gate Tunnel are set to boost transport efficiency, further strengthening the region's industrial appeal to local and foreign investment.

AND Property’s Associate Director, Ben Quennell emphasises that there is a renewed optimism in the industrial market thanks to the recent interest rate relief. The combination of strong leasing activity, growing land values, and infrastructure expansion presents a unique opportunity for investors and occupiers.

"Despite past economic pressures, confidence in the market is returning. We’ve seen an increase in enquiries, lease activity, and investment deals, confirming the long-term viability of Melbourne’s western industrial sector," says Ben Quennell.

This latest report is essential reading for anyone involved in Melbourne’s industrial real estate sector, offering insights into the factors shaping the market now and in the future, says Ben Quennell. 

For a copy of the full report, please contact AND Property’s Head of Research - Daniel Barr-Waanders via the below contact details. 

Click here to read more AND Property articles and market insights: