Y| PAGE 4 Seven Hills Blacktown Strathfield South Northmead Smithfield Milperra North Rocks Wetherill Park Penrith Silverwater 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 Industrial Deals Slowing as Price and Rental Gains Consolidate In a recent end of 2024 financial year survey, completed by one of Sydney’s largest specialist industrial property agents, Bawdens, the company examined how many sale and lease transactions it completed each financial year. The firm identified all transactions completed each year for 2021-2022, 2022-2023 and 2023-2024. The results can be observed below: The survey revealed total deal volumes fell 14% during the 2022-2023 financial year from the previous. In the 2023-2024 financial year, deal volumes fell approximately a further 4%. Whilst deal volumes could therefore be at best described as static. The shortage of available space with an area of less than 2,000m2 to lease during the survey fell to a record low of 0.70% in the metropolitan area as of June 2024. This has driven the rental increase of over 40% during the survey period. Capital volumes, despite rising interest rates all grow substantially with average price growth exceeding 30%. In 2024-2025 we anticipate these gains will continue to be maintained and consolidated due to supply shortages, despite increasing volatility in business confidence for the year ahead.
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