Figures

Figures Brisbane Industrial and Logistics

October 10, 2022

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  • Australia’s e-commerce penetration rate equates to 14.3% (or AUD 56 billion over the past 12 months).
  • Gross take-up over the quarter increased compared to the previous quarter due to a large share of pre-lease transactions (47%, by floorspace).
  • E-commerce related occupiers have accounted for 25% of floorspace leased in 3Q22, with the concentration of activity from the transport, postal and warehousing occupiers (56%).
  • One third of the total floorspace to be delivered in 2022 was completed in 3Q22, with c.660,000 sqm expected to complete in 4Q22.  Several projects’ completion dates have been pushed out due to construction delays from weather issues, material shortages from supply chain disruptions has caused further supply limits.    
  • Rental growth over the quarter continues to climb, with the weighted average super prime grade assets increasing by 6.7% q-o-q due to a chronic shortage of space (national average vacancy at 0.8%).
  • The national midpoint yields for super prime grade asset stands at 4.70%.
  • Investment sales for income producing assets (≥ AUD 10 million) in 3Q22 totalled AUD 1.5 billion.