ISSUE 192 | JUNE 2026 | 02 9630 8000 | PAGE 9 MARKET INSIGHT SPECIAL 2026 Industrial Incentives Review Bawdens is Sydney’s leading specialist industrial property agency. In the first of a two-part study, we recently released private client research identifying changes in rent-free period incentives granted by lessors to lessees during the 2025/2026 financial year as compared to the previous year. The research identified all lease transaction incentives granted during a three-month period in the subject year. A comparative study time and data set was also identified for the 2024/2025 financial year. All analysed transactions involved properties with a gross lettable area of less than 2000m². The results can be seen in the table below. To the end of the financial year 2025, the average rent-free period is 1.1 months. To the end of financial year 2026 (YTD), the average rent-free period is 1.8 months. Despite industrial SME space remaining at record lows, incentives in 2026 have increased by 36% since 2025. Profit margin pressure, inflation and declining productivity are impacting confidence and forcing SME businesses to reflect before acting. This is also impacting vacancy periods. BAWDENS NEWS YLEASED BY Exedy Australia is ready for Seven Hills Relocating from Arndell Park, Exedy Australia has secured a modern freestanding industrial facility at 1 Tollis Place, Seven Hills. The automotive parts supplier and distributor has committed to a 5 + 5-year lease over a high clearance warehouse spanning 1,860m², within a secure site. The property was leased for $390,000 per annum net, equating to $210 per square metre + outgoings & GST. The transaction was successfully negotiated by Bawdens Director, Terry Saba and Sales & Leasing Executive, Monjer Khan.
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