Perth Industrial and Logistics Figures Q1 2026

Key Points:

• Gross take-up of c.81,400 sqm was recorded in 1Q26, with c.290,000 sqm over the past 12 months, exceeding the long-run annual average.
• New floorspace added totalled c.160,800 sqm over the quarter. The current development pipeline between 2026 and 2028 is forecast to average c.187,000 sqm per annum, above the long-run annual average.
• The pre-commitment rate for the forward supply pipeline (2026–2028) remains elevated at around 70%.
• Super prime net face rents increased 6.5% q-o-q and y-o-y to an average of AUD 165/sqm, while incentives remained stable at 15%. 
• Owner-occupier activity increased land values for 0.25 ha lots, which now average AUD 777/sqm, up 21.4% y-o-y.
• Investment transactions of AUD 125 million were recorded in 1Q26 for deals ≥ AUD 5 million, as increased uncertainty weighed on activity.
• Midpoint yields increased by 13 bps q-o-q to 6.0% for super prime assets.