Australian Industrial Horizons

21

LOGISTICS & INDUSTRIAL RESEARCH | INDUSTRIAL HORIZONS

SUBMARKET STATE OF PLAY

Perth Industrial Land Supply

East Industrial land availability is limited in the East submarket, particularly in the near term, with 81 hectares of active land supply. Active land supply is dominated by the Hazlemere and Kenwick precincts, which represent 83% of the supply in the submarket. Given recent leasing success, land supply within the Roe Highway Logistics Park is limited, while parcels immediately surrounding the estate will likely underpin the next wave of industrial development activity. The longer-term pipeline is dominated by parcels to the east of Kenwick; however, its development remains constrained by fragmented ownership and smaller lot sizes. North Land supply in the North submarket is underpinned by the Neerabup and Wangara precincts, which account for just over 90% of zoned industrial land supply. While 84% of lots in the submarket are sized below two hectares, this is less of an issue when compared to the East Coast cities as the sweet spot for demand/development is in the sub 6,000 sqm size bracket. At the larger end, the Neerabup precinct represents a significant share of active land supply in the northern submarket with the majority of this land controlled by Development WA. South The South submarket represents the bulk of Perth’s industrial land supply, underpinned by the Forrestdale and Jandakot precincts, which collectively account for 60% of the total land supply in the submarket. Estates within these precincts include the Catalpa Business Park, Dexus’ Ascent Industrial Park (Jandakot Airport Precinct) and the privately owned South Connect Logistics Estate adjoining the airport precinct.

Zoned Industrial Land

Vacant Industrial Land Supply