ISSUE 176 | DECEMBER 2024 | 02 9630 8000 Disclaimer Notice: Neither Bawdens, nor the publishers and editors of articles in this issue accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for it’s accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. Customised relevant marketing means maximum results. We are the only agency with real time database management. Instagram Facebook LinkedIn YouTube Simply search | PAGE 12 Industrial Market 2023-2024 Comparative Review We observed a 26% decline in the number of transactions completed in 2024 as compared to 2023. In 2023 Sales comprised 31.5% of all transactions. In 2024 Sales comprised 4% of all transactions. The amount of sales declined as confidence and the cost of money impacted the ambitions of would be owner occupiers. Notwithstanding this, prices have risen year on year (see issue 172 of Industrial Property News). Finally, we observed in 2023, 71% of all transactions comprised a building area of less than 500m². In 2024 68% of all transactions had a building area of less than 500m². Bawdens are one of Sydney’s leading Industrial Property Agencies specialising in the Sale and Leasing of industrial property, servicing the needs of small medium enterprises across the metropolitan area. At the commencement of each financial year, we consider various market metrics year on year. These include a review of the total number of transactions completed. How many transactions comprised sales and how many were leases, together with total amount of space leased below 500m² and above 500m² in area. The results are as follows. MARKET INSIGHT SPECIAL
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