Brisbane Industrial and Logistics Figures Q4 2022

Key Points

• Australia’s e-commerce penetration rate equates to 13.1% (or AUD 53 billion over the past 12 months). 
• Gross take-up in 2022 has reached over 3 million sqm, surpassing the 10-year annual average for the fourth consecutive year.
• E-commerce related occupiers have accounted for 46% of floorspace leased in 2022, with the concentration of activity from the transport, postal and warehousing occupiers (48%).
• Almost a quarter of the total floorspace to be delivered in 2022 was completed in 4Q22, bringing total completions for CY2022 to 1.7 million sqm (6% above the long-run average).
• Rental growth over the quarter continues to climb, with the supply-weighted average super prime grade assets increasing by 6.8% q-o-q due to a chronic shortage of space (national average vacancy at 0.6%).
• The national average midpoint yield for super prime grade asset now stands at 4.80%.
• Investment sales for income producing assets (≥ AUD 10 million) in 4Q22 totaled AUD 2.0 billion.