ISSUE 192 | JUNE 2026 | 02 9630 8000 | PAGE 4 Pendle Hill North Rocks Rouse Hill Seven Hills Norwest Auburn Camellia Wetherill Park Rydalmere Smithfield Bawdens Deals Done LEASED BY LEASED BY SOLD BY SOLD BY LEASED BY SOLD BY SOLD BY LEASED BY LEASED BY SOLD BY MARKET INSIGHT SPECIAL 2026 Industrial Vacancy Review Bawdens is one of Sydney’s leading industrial property agents. In the second of a two-part study, we recently released private client research identifying changes in the length of time it takes to lease a building today as compared to the same time in 2025. The research identified all buildings currently available for lease during a study period in the 2024-2025 financial year. It then adapted the same criteria for the 2025-2026 financial year. Time on market was identified from date as appointed leasing agent, ending when a lease was executed. All buildings in the study had a gross lettable area of less than 2000m². The results can be seen in the table below. To the end of March 2025, the average vacancy period was 2.9 months. To the end of March 2026, the average vacancy period was 4.6 months. Vacancy periods have increased 58% year on year, reflecting the lag between lessors not recognising the effects upon lessee businesses from slowing economic growth and consequently adjusting asking rentals in 2026.
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