Australian Industrial Horizons

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LOGISTICS & INDUSTRIAL RESEARCH | INDUSTRIAL HORIZONS

SUBMARKET STATE OF PLAY

Trade Coast The Trade Coast is Brisbane’s most land-constrained market, with just under 200 hectares of industrial zoned land remaining in the precinct. While the bulk of this land is considered active, most of this stems from either the Port of Brisbane or Brisbane Airport who don’t tend to be as active as institutional developers. Further, both precincts are leasehold. Excluding these precincts, the average vacant lot measures just 2.2 hectares, which precludes larger-scale developments. North Precincts in the Outer North underpin the North submarket’s land supply and is led by locations such as Elimbah, Caboolture and North Lakes. Land availability closer to the CBD is very limited as most new supply is driven by the redevelopment of existing sites, as evidenced by Aliro’s recent development at Geebung. South Industrial land supply in the South submarket is underpinned by the North Maclean and Crestmead precincts where Charter Hall, Mapletree, GPT and other institutional groups have landholdings. Alternatively, land supply in more infill markets, such as Rocklea and Acacia Ridge, is more limited, while pockets, including Berrinba and Larapinta, have seen land supply being largely exhausted following recent take-up activity. West Like the South, land supply in the West is dominated by more fringe precincts including Bundamba and Swanbank. However, take-up has more recently being directed to these precincts as demand in more central precincts during recent years, such as Wacol and Richlands have reduced land availability. M1 Corridor There exists almost 145 hectares of active land supply within the M1 Corridor, bolstered by Lot 1, Pacific Highway Coomera and remaining land within the Frasers Vantage Estate at Yatala. Beyond this, land supply is underpinned by lots to the East of the M1 Motorway within Stapylton or Ormeau; however, the current ownership structure remains a constraint to the development of much of this land.

MAP TO BE DONE