ISSUE 173 | SEPTEMNER 2024 | 02 9630 8000 | PAGE 9 MARKET INSIGHT SPECIAL Industrial Property Price Growth Continues in 2024 In issue 169 of Industrial Property News, we observed that sales in 2023 declined sharply (92%) from volumes for the same period in 2022 as rising interest rates removed confidence. In 2024 sales volumes have recovered, up 150% over the same period in 2023. In this issue of Industrial Property News, we asked leading Industrial Property Agents at Bawdens to identify the sale rate per square meter for every sale transaction completed for the period January to May 2023 and then completed the same exercise for 2024. The results can be seen below. The surveyed transactions focused only upon secondary buildings with a building area of 250m²-1000m². The results revealed prices to have grown from an average of $3,792 psm in 2023 to $4,219 psm in 2024 a change of 11.2% year on year. FOR LEASE High Clearance Office/Warehouse Facility • Access via one (1) on grade roller door • Excellent truck access • Level forecourt for easy loading & unloading of containers • Mezzanine office is carpeted & air conditioned Lucas Rahmati: 0452 081 088 | Robert Ally: 0413 758 658 Wetherill Park 1,111m2 approx.
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