Figures Sydney Industrial and Logistics Q2 2025

Key Points:

• Gross take-up over the quarter has increased compared to 1Q25, totalling c. 305,000 sqm over 2Q25.
• Average vacancy rate rises marginally and remains relatively low at 2.5% (as at 1H25).
• Development supply increased this quarter with just over 200,000 sqm of new floorspace added.
• Rental growth edged higher this quarter with super prime grade net face rents up 6% y-o-y, however on a net effective basis has decreased.  
• Average land values remained unchanged over the quarter across all lots sizes tracked.  
• A total of AUD 950 million in investment sales has been recorded in 2Q25, across 24 transactions (for sales ≥ AUD 5 million).
• Super prime midpoint yields tightened by 8 bps q-o-q and stand at 5.25%, whereas prime and secondary midpoint yields remained unchanged q-o-q sitting at 5.5% and 5.8%, respectively.