PERTH INDUSTRIAL VACANCY & MARKET OVERVIEW

After a strong start to 2022, consecutive interest rate rises have resulted in a slight lull in investment activity.

While volumes for the year continue to exceed those of years prior to 2021 buyers are becoming more considered with their investment decisions. By far the biggest driver in sales has been owner occupiers who are paying much higher prices than investors or developers can justify.

Rents continue to enjoy strong gains across all regions of Perth, spurred on by the low vacancy and limited new supply pipeline, prospects of continued growth appear likely albeit at a slightly slower pace. Demand to occupy stock remains with transport, logistic and distribution tenants needs continuing. Small manufacturing, local service and construction sectors are also healthy ensuring that incentives are kept absent from the marketplace.