Figures

Figures Brisbane Industrial and Logistics 4Q24

January 16, 2025 10 Minute Read

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  • Gross take-up fell by 15% compared to last quarter, totalling 110,600 sqm. Transport, Postal and Warehousing occupiers dominated lease activity in 4Q24.
  • New floorspace added to the market in 4Q24 totalled c.67,000 sqm. This brings the CY2024 total to 550,000 sqm (26% above the long-run average).
  • Prime grade net face rents increased marginally by 0.8% (q-o-q), while super prime and secondary grade asset rents remained stable over the quarter.
  • Land values over 4Q24 appreciated by approximately 5% and 1% q-o-q for 0.25 ha lots and 1.6 ha lots, respectively.
  • Investment sale transactions in 4Q24 totalled AUD 322 million (for transactions ≥ AUD 5 million). The total transaction volume for the CY2024 amounted to AUD 1,300 million, almost in line with the 10-year annual average.
  • Yields slightly tightened over the quarter – with the midpoint yield for super prime, prime and secondary grade assets averaging 5.8%, 6.3% and 7.1%, respectively