Perth Industrial and Logistics Figures Q2 2025

Key Points:

• Gross take-up of c.75,000 sqm was recorded for 2Q25. A total of c.318,000 sqm recorded over the rolling 12 months - significantly above the 10-year average. 
• New floorspace added totalled c.25,000 sqm over the quarter. The current pipeline of new development supply between 2025 and 2027 is forecast to average c.215,000 sqm per annum, which is above the 10-year average.
• The pre-commitment rate for the forward supply pipeline (2025-2027) is now close to 65%.
• Super prime net face rents remained stable q-o-q and are up 6.9% y-o-y to an average of AUD 155/sqm. Super prime incentives were stable q-o-q averaging 15%. 
• Land value for 1.6 ha lots were steady q-o-q at an average of AUD 518/sqm, up 5.1% y-o-y. Smaller 0.25 ha lot values were also stable q-o-q averaging AUD 622/sqm, up 6.0% y-o-y. 
• Investment transactions of AUD 275 million have been recorded during 1H25 (for transactions ≥ AUD 5 million), with private investors being active in the market.
• Yields were steady q-o-q across all grades with super prime and prime midpoint yields remaining at 6.3% and 6.5%, respectively.