Growth in rents from e-commerce customers lining up for big sheds is comfortably outstripping the rising costs of land and steel used to make them.
Major developers are now challenging themselves more than ever before to become the champions of change in sustainability.
Global property player and Australia’s largest industrial developer Goodman Group is racing to build more e-commerce and logistics sheds.
The pandemic’s disruption of supply chains is causing a demand frenzy for warehousing.
The five-day office week is well and truly dead as managers deal with a workforce that doesn’t want to go back to the way things were.
Demand for industrial and logistic property is reaching a fever pitch,leading to the lowest level of vacancy rates in key markets across the country.
Market Wrap
Supermarket giant Woolworths has ramped up its presence in the $5 billion cold storage industrial property sector to help satisfy the growing demand for same-day home deliveries of food,from the steak for dinner to feeding pampered COVID pets.
COVID-19 and environmental concerns are changing the face of logistics and mass storage away from single-storey to multi-level sheds.
Listed property trusts in the challenged office and discretionary retail sectors are trading at discounts not seen since the global financial crisis.
The centre – the size of 24 rugby league fields – will house up to 11 million items.