Logistics & Industrial Capital Markets 2024 Outlook Report

$10 $12 $14 $16 $18 $20

2023 Key Findings

$0 $2 $4 $6 $8

Figure 1. National Logistics & Industrial Investment Volumes (>$10 million) - $bn 2013 2014 2015 2014 2016 2017 2018 2019 2020 2021 2022

$10 $12 $14 $16 $18 $20

Sydney

Melbourne

Brisbane

Perth

Adelaide

10-Year Average

$0 $2 $4 $6 $8

2013 2014 2015 2016 2017 2018 2019 2020 2021

2022 2023

Sydney

Melbourne

Brisbane

Perth

Adelaide

10-Year Average

Source: Cushman & Wakefield

0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 2.0 2.5 3.0 3.5 4.0 4.5 5.0

Figure 2. National Logistics & Industrial Gross Take-up (millions)

PERTH

Millions

2013 2014 2015 2016 2017 2018 2019 2020 2021

2022 2023

1.0 1.5

Sydney

Melbourne

Brisbane

Perth

Adelaide

10-Year Average

0.0 0.5

2013 2014 2015 2016 2017 2018 2019 2020 2021

2022 2023

Sydney

Melbourne

Brisbane

Adelaide

Perth

10-Year Average

Source: Cushman & Wakefield

National

2023 total investment volumes (>$10m) $5.1 billion

Total sold 142 assets

Average asset price $35.6 million

5 | CUSHMAN & WAKEFIELD | LOGISTICS & INDUSTRIAL