Industrial market intelligence grows

Industrial market intelligence growsNew data on industrial markets in South East Queensland identifies vacancy trends and sets a baseline for future analysis.The Property Council’s third generation Industrial Vacancy Report provides the latest data for the Australia Trade Coast, the Logan Motorway Corridor (pictured) and Brisbane North.The report analyses data from the state’s largest property agencies to identify vacancy rates by number of properties and floor space. The Australia Trade Coast has recorded a moderate increase in vacancy from 7.6 per cent of properties in 2014, to 9.6 per cent in 2015. Vacant floor space has increased from 6.3 to 10.8 per cent over the same period. This can be attributed to a slowdown in the mining sector, and also to the addition of five new properties totalling almost 75,000 sqm of new stock.Net absorption for the area was -88,868 sqm over the period. The number of vacant buildings in the Logan Motorway Corridor dropped slightly from 7.2 per cent in 2014 to seven per cent in 2015. The market also recorded a positive net absorption of ,678 sqm over the 12 months.Analysis of the Brisbane North Precinct reveals a baseline vacancy of 13.8 per cent across 152 properties larger than 3000 sqm. Brisbane North is dominated by smaller properties, with those under 3000 sqm accounting for nearly 85 per cent of the total stock. “As the report builds data over time it is becoming an increasingly valuable barometer of the health of the industrial property sector in South East Queensland,” says the Property Council’s Queensland executive director, Chris Mountford.”As new industrial areas begin to compete for tenants it is becoming increasingly important for the sector to understand the profiles of individual markets. The data provided in this report is crucial to tracking shifts and trends in vacancy.” Read the Property Council’s Industrial Vacancy Report.