Australian Industrial Market Dynamics Q2 2024

Industrial and logistics gross take up rebounded in 2Q24, with Melbourne and Sydney accounting for 77% of take up. However, though demand has proved resilient, with strong supply, incentives are increasing from troughs recorded in 2023 and sublease is weighing on effective rental growth in some precincts. At precinct level, rental growth performance is varied. Established land constrained inner precincts in Sydney, Melbourne and Brisbane have outperformed.