FY 2017 - All good news in Industrial property

Melbourne Industrial Market - Up, Up and away...

The Melbourne industrial property market was certainly dynamic and strong performing in the 2016 – 2017 financial year. The increase in enquiries was dramatic, with realcommercial.com.au recording a 37% increase in visits and a 16% increase in leads compared to 2015 – 2016.

During the Fourth quarter of 2017, according to Knight Frank’s Vacancy Report, within Melbourne’s industrial property market:

Available space fell by 7.8%
Prime vacant stock decreased by 8.7%
Speculative space under construction accounted for 13.7% of available stock
Gross take-up was 24.3% greater than equivalent period in 2016.

This shows significant strength and mirrors what we have been experiencing on the ground — a substantial increase in transactions. In the 2017 financial year, Rutherfords transacted (sold or leased) more than 280,000m2 of industrial space in Melbourne — a very impressive result for a relatively small team.

The good news seems set to continue, with a high number of enquiries and overall confidence boosting the market. We expect another outstanding year in the industrial property market.

Posted on Thursday, 27 July 2017
by Drew Williams in Latest News

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