The key drivers of demand are the expanding e-commerce sector, a greater focus on agile supply chain networks, the growing food and grocery sector and increased investment in technology and automation.
It comes as property development group Primewest Development, backed by Primewest’s John Bond, David Schwartz and Jim Litis, has launched stage-one sales for its $65 million industrial estate Interlink Strathfield, on a prime site on the corner of Cosgrove Road and Cleveland Street in Strathfield South in Sydney’s inner west.
Even at the small end of the sector, the sub-5000-square-metre industrial market in the central western region of Sydney has continued to perform well over the past six months after a robust few years, according to Ray White’s latest commercial research.
Ray White head of research Vanessa Rader said the rate of vacant industrial stock in the region was represented across 233 properties.
«Over the past six months, we’ve seen the level of vacancy fall 13.07 per cent from over 270,000 sq m, with the greatest improvement seen in central north-west,» Ms Rader said.