Australian Logistics & Industrial Capital Markets Outlook 2025

CUSHMAN & WAKEFIELD | 25

Population growth in Australia is forecast to outpace other comparable markets over the next decade, underpinning warehouse demand Population growth in Australia is forecast to outpace other comparable markets over the next decade, underpinning warehouse demand. Population growth in Australia is forecast to outpace other comparable markets over the next decade, underpinning warehouse demand. Population Growth, Historical & Forecast Population Growth, Historical & Forecast

past 30

30

Australia

-4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0%

Population Growth, Historical & Forecast

Canada

Australia

-4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0%

Canada

United States

United Kingdom

Germany

Singapore United Kingdom

United States

South Korea

Netherlands

Germany

France

Singapore

Japan South Korea

Italy

Netherlands

France

2014-2024 Population Growth

26.7%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

30%

Italy

Japan

2024 – 2034 Population Growth

2014-2024 Population Growth

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

tly valued

High wealth levels in Australia provide support to consumer consumption and warehouse demand. High wealth levels in Australia provide support to consumer consumption and warehouse demand. Median Wealth per Adult (2022 – USD) High wealth levels in Australia provide support to consumer consumption and warehouse demand. 2024 – 2034 Population Growth

30%

alued

$250,000

lion)

Median Wealth per Adult (2023 – USD) Median Wealth per Adult (2023 – USD) $200,000

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000

$150,000

$100,000

$50,000

$0

US

UK Norway

Italy

Spain

Qatar

Korea

Japan

Ireland

France Netherlands

Taiwan

Canada

Belgium

Australia

Denmark

Singapore

Hong Kong

Switzerland

New Zealand

AUSTRALIA L&I OUTLOOK 2025 13

ute, UBS, Cushman & Wakefield Research

UK

Italy

Malta

Spain

Japan

Korea

France Netherlands

Taiwan

Canada

Norway

Belgium

Australia

Denmark

Singapore

Hong Kong

Switzerland

Luxembourg

New Zealand

United States

Source: Oxford Economics, Thinking Ahead Institute, UBS, Cushman & Wakefield Research

Wakefield Research