Logistics & Industrial Occupier Market Outlook 2024

State of Play & Outlook

The below highlights the current occupier market indicators across each capital city and their 12-month outlook.

BRISBANE

CURRENT OUTLOOK

Vacancy Rate YTD Take-up 2024 Supply Pipeline Rental Range

2.8%

249,655

646,519

$157-$176

Outgoings Range

$30-$35

BRISBANE

PERTH CURRENT OUTLOOK

SYDNEY CURRENT OUTLOOK

Vacancy Rate YTD Take-up 2024 Supply Pipeline Rental Range

Vacancy Rate YTD Take-up 2024 Supply Pipeline Rental Range

2.8%

1.9%

77,985

468,774

ADELAIDE

PERTH

110,871

1,029,663

$143-$162

$233-$273

SYDNEY

Outgoings Range

Outgoings Range

$28-$32

$54-$73

MELBOURNE

ADELAIDE

CURRENT OUTLOOK

Vacancy Rate YTD Take-up 2024 Supply Pipeline Rental Range

1.6%

MELBOURNE

22,203

CURRENT OUTLOOK

77,468

Vacancy Rate YTD Take-up 2024 Supply Pipeline Rental Range

1.6%

$131-$153

396,082

Outgoings Range

$20-$30

916,966

$138-$157

All figures are as of Q2 2024. Take-up and supply figures are in sqm. Rental ranges and outgoings are a blended city average and are on a per sqm basis. Outlooks are based on a 12-month forecast.

Outgoings Range

$25-$33

3 | CUSHMAN & WAKEFIELD | LOGISTICS & INDUSTRIAL

OCCUPIER MARKET 2024 OUTLOOK | 4