Colliers Levi Maxwell and Nick Evans secure $12.25 sale for 23 Arshad Drive, one of the last significant development opportunities on the Logan Motorway in the heart of Berrinba fronting motorway.

The 31,777sqm land sale represents a record rate for an undeveloped industrial lot in this market and will be somewhere in the region of $500/sqm+ fully developed.

This was a rare opportunity to capitalise on the constrained South East Queensland industrial land market with the site’s unrivalled exposure and development upside.

With substantial frontage to the Logan Motorway and strategically positioned in between the Wembley Road interchange and Gateway Motorway, Berrinba is proving to be one of the fastest growing and most desirable industrial markets in Brisbane.

“Industrial land remains in short supply with serviced development ready lots completely sold out in a 5km radius of this site,” Nick Evans, Director Industrial at Colliers said.

“Occupiers seeking brand new space has driven significant levels of take-up and is most pronounced within the Southern precincts, with a particular focus around Berrinba, Redbank, Richlands and Yatala.” Levi Maxwell, Director Industrial at Colliers said.

Historically, industrial land take-up in Brisbane averaged approximately 60 hectares per annum, however, in 2021 this jumped to 90 hectares. It is expected that take-up in 2022 will well exceed this given recent pre-commitment activity and current occupier briefs in the market for new space.

According to Colliers research, demand for South East Queensland industrial land is at record levels, underpinned by favourable occupier tailwinds and institutional groups adopting a build-to-core strategy.

“Values in Brisbane have risen 52.6% in the year to March 2022 with 1-5 hectare lots in Brisbane’s South ranging between $375-$450/sqm, up from just $275-$350/sqm a year ago,” Industrial Director of Research Luke Crawford said. “Looking ahead, continued pressure on land values is anticipated given the lack of land availability, particularly serviced land.”

To request a sales analysis please contact either of the Colliers selling agents via the below contact details.