Australia Industrial and Logistics Figures Q2 2026

Key Points:

• Gross take-up reached 1.8 million sqm during H1 2026, representing just over half of the total leasing activity recorded across calendar year 2025.
• While the development pipeline remains elevated, delivery risk continues to increase as developers contend with tighter pre-commitment requirements, construction cost pressures and financing constraints. 
• Face rents remained broadly resilient across most markets, although a marginal increase in incentives resulted in slightly softer effective rents during the quarter.
• Leasing conditions continue to favour occupiers in the near term; however, market conditions are stabilising as new supply moderates and vacancy rates approach their cyclical peak.
• National super prime midpoint yields remained broadly stable during Q2 2026, with only marginal outward movement recorded across selected markets as elevated bond yields continued to influence pricing expectations.
• Industrial investment activity has already surpassed the total transaction volume recorded during calendar year 2025.