Knight Frank – Australian Industrial Markets Review, 4Q 2024

The main theme of the report is the analysis of the state of industrial markets in Australia for the 4th quarter of 2024.

Key findings include a record number of new projects completed in 2024, normalizing vacancy levels and slowing rent growth. Adelaide saw the highest annual growth in prime property rents. Vacancy levels on the East Coast increased to 2.2 million square meters, 33% above the 10-year average. Investment volumes in 2024 increased by 23% compared to 2023. It is forecasted that the volume of new spaces in 2025 will be slightly lower. Yield stability is supported by investor demand and monetary policy easing. Perth experienced a 20% annual increase in land values.