So, why is the increase in demand for industrial property on the rise?
Firstly, the pandemic has driven demand for industrial space. Take Australia Post for example. They’ve expanded their operations, totalling an extra 11,000 sqm in the suburbs of Kewdale and Welshpool due to COVID-19 driving a serious increase in distribution demands.
Our team are receiving an increase in enquiry from distribution centres, along with transport and logistic companies who are seeking advice on what spaces are available in the short to medium term to scale up if and when required.
Other asset classes that continue to drive demand for industrial property in Perth are mining and mining equipment - due to a number of key projects taking off in WA. As well as electrical, fabrication and the service industries.
Ultimately, the fundamentals for the industrial property sector here in Perth remain sound. If this trend continues, we expect the price of industrial property to increase as a result of the uptick in demand.
Realmark Commercial has over 30 years of knowledge in the making, and employ an experienced team of industrial specialists who are here to advise you whenever you’re ready.
Get in touch with us today should you have any questions about how you can take advantage of this market upswing.