MARKET INSIGHT SPECIAL 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. INSIDE THIS ISSUE OF INDUSTRIAL PROPERTY NEWS ISSUE 173 | SEPTEMNER 2024 | 02 9630 8000 | PAGE 2 We observed a 26% decline in the number of transactions completed in 2024 as compared to 2023. 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. Tony Youssef: Director Asset Management, Jack Perkins: Associate Director Asset Management Terry Saba: Director and Robert Ally: Director
RkJQdWJsaXNoZXIy MTI3ODI1