New report reveals low industrial vacancy 

Despite a declining manufacturing sector, Brisbane is enjoying low vacancy rates in industrial property. 

The Property Council of Australia’s Brisbane Industrial Vacancy Report, released today, has found an average vacancy rate of 5% of properties and 3.9% of floorspace across the four study areas.

The report, which measures vacancy in industrial property greater than 3,000 sqm, has revealed that the Brisbane South-West area is experiencing the highest level of vacancy at 8% of floorspace, while the Logan Motorway is the best performing precinct with 2.1%.

Brisbane North and Australia Trade Coast were also found to be performing well with 2.8% and 3.6% of available floorspace vacant, respectively.

Queensland Executive Director of the Property Council, Chris Mountford, said the report’s findings reflect a movement of tenants towards newer properties.

“Lower vacancy rates at the Australia Trade Coast and Logan Motorway echo the industry’s experience of recent movements toward newer industrial properties,” Mr Mountford said.

“While traditional manufacturing tenants are becoming scarcer, industrial vacancy is remaining low due to growth in logistics and warehousing activities.”

“This shift will be a key driver for Brisbane’s industrial precincts that have access to major arterial roads and the Port of Brisbane.”

“With land supply relatively constrained within Brisbane, the opportunity to re-develop in existing industrial areas will become more attractive as tenants look to amalgamate into newer facilities.”

Industrial property state-of-play fact sheet: