Surge in manufacturing, technology drives demand for industrial property

Renewable and electric technologies and other sustainable industries will underpin future demand for industrial property, a new report by a leading real estate services company suggests.The report said there was evidence of increased commercial activity in Australia coinciding with a substantial surge in the value of private sector factories and other secondary industry jobs. It estimates that $33.3 billion has been invested in warehouse properties since 2019.

‘With a strong policy framework and increasing investor interest, this rebound is poised to reshape Australia’s industrial property market for years to come.’Centuria head of funds management Jesse Curtis said that overall, 24 per cent of the fund’s portfolio, by value, was devoted to the manufacturing and production sector.

Within its industrial portfolio Centuria leases significant food production sites to Arnott’s Biscuits in Queensland and South Australia, and to Visy, which makes packaging at major sites in NSW. “Following an unprecedented three-year growth period, marked by face rents soaring up to 80 per cent in select markets and vacancy rates at below 1 per cent, there has been a significant surge in capital-seeking investment opportunities in the industrial sector,” he said.

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