Record-low vacancy rates in the country’s leading industrial precincts have led to significant rental growth and a surge in development, but higher interest rates, inflationary pressures, and a cooling economy pose some potential headwinds to the sector, Colliers reports   Historically low vacancy rates The latest industrial vacancy survey by Colliers Research in Auckland confirms the sector’s robust occupier fundamentals. Continue →

Ongoing tenant demand for industrial property has kept vacancy rates at historically low levels, despite higher interest rates, a cooling economy, and increased development activity, Colliers reports   Although, sales activity volumes for industrial premises have slowed due to challenging economic and tougher financial conditions, industrial property’s strong fundamentals continue to underpin the sector’s safe-haven credentials which have seen the sector’s share of total commercial and industrial sales increasing. Continue →

Demolishing and rebuilding warehouses in a flourishing industrial real estate sector may sound counterintuitive, but for a growing number of warehouse owners, the old buildings just don’t have what their tenants need, JLL reports Redeveloping industrial real estate in a strong market aims to address modern demands. Continue →

Industrial precincts across the country have seen vacancy rates falling, rental rates rising and development activity surging as occupier demand for industrial workspace has boomed Demand for industrial workspace has escalated over recent years driving vacancy rates to multi-year lows across the country. Continue →

In Australia, an extra 500,000sq m of industrial space is needed each year to accommodate consumers’ appetites for online retail, The Urban Developer reports A CBRE report into the exponential growth of e-commerce and its impact on the industrial and logistics market has forecast an additional 35 per cent more space would be required to meet demand over the next five years. Continue →

Driven by a shift in consumer behaviour towards online purchases, e-commerce now represents 9 per cent of retail sales in Australia and is forecast to grow to around 12 per cent by 2021. Continue →

Australian logistics and operations specialist Logos has expanded into the New Zealand market, acquiring a 10-hectare site with plans to develop a NZ$200 million estate Logos’ latest acquisition, from Fletcher Concrete and Infrastructure Limited, is a 55,000sq m site in Auckland’s industrial suburb of Wiri, The Urban Developer reports. Continue →