ISSUE 173 | SEPTEMNER 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 MARKET INSIGHT SPECIAL Rental Growth to Consolidate Against All-Time Vacancy Low With industrial rental growth approaching 30-50% in just two years, Bawdens recently identified what effects this has had on the amount of industrial property available for lease. Bawdens is one of Sydney’s largest Managers of property for small to medium enterprises and private investors within the industrial space. We took the opportunity to survey our 850,000m² property under management and observe how much of that space was vacant per square metre monthly, since July 2023. The results can be seen below: The results suggest that despite significant growth in rentals and outgoings, the amount of space available has trended down and decreased overall since July 2023 where 6,942m² was available until March where 5,800m² is available. Whilst the pace of net rental growth has slowed significantly since 2024, the rental growth experienced during 2022 and 2023 is not likely to be unwound with incentives in 2024 for space less than 3,000m² also remaining at an all-time low presently.
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