Australia Industrial and Logistics Figures Q3 2026

Key Points:

• Occupier demand remains resilient, with national gross take-up reaching approximately 723,000 sqm in Q3 2026, supported by continued leasing activity across key industrial markets.
• Effective rental growth is showing early signs of recovery, with national super prime net effective rents increasing 1.3% year-on-year, up from 1.0% in Q2 2026. Face rents grew 4.8% annually, while the pace of incentive increases moderated.
• Supply remains elevated but development risks persist, with approximately 612,000 sqm delivered nationally during Q3 2026. Construction cost pressures, financing constraints and pre-commitment requirements continue to influence future development.
• Market conditions are gradually stabilising as incentives approach their cyclical peak, supporting the outlook for stronger effective rental growth.
• Investment yields remain broadly stable, with the national super prime midpoint yield increasing five basis points to 5.81%, driven by outward movement in Brisbane. Yields remained unchanged across Sydney, Melbourne, Perth and Adelaide.
• Industrial investment momentum continues to strengthen, with year-to-date transaction volumes already exceeding the total recorded in calendar year 2025.