Australian Logistics & Industrial Capital Markets Outlook 2025

CUSHMAN & WAKEFIELD | 41

National L&I Gross Leasing Volumes Forecast (sqm millions) National L&I Gross Leasing Volumes Forecast (sqm millions)

t levels is ment in t levels d is ement in hey have risedas: hey have risedas:

5.0

National L&I Gross Leasing Volumes Forecast (sqm millions)

4.0 5.0

3.0 4.0

2.0 3.0

1.0 2.0

t to , d-

0.0 1.0

t to

s,

0.0

2011

2012

2017

2021

2013

2015

2018

2014

2016

2019

2010

2022

2023

2024

2020

ajor id

2025 (f)

Long Term Average

e

2011

2012

2017

2021

2013

2015

2018

2014

2016

2019

2010

2022

2023

2024

2020

ajor

2025 (f)

y

Long Term Average

Capital City Vacancy Rates Capital City Vacancy Rates Capital City Vacancy Rates

cy

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

Forecast

Forecast

e han pe

han

s ets es

s ets tes

2017

2021

2013 2013

2015

2018

2014 2014

2016

2019

2022

2023

2025

2024

2020

2017

2021

Sydney 2015 Sydney

2018

2016

2019

Perth 2022

2023

2025

Adelaide 2024

Brisbane 2020

Melbourne Melbourne

Brisbane

Perth

Adelaide

AUSTRALIA L&I OUTLOOK 2025 21 AUSTRALIA L&I OUTLOOK 2025 21

Source: Cushman & Wakefield Research Source: Cushman & Wakefield Research