Perth Industrial and Logistics Figures Q3 2025

Key Points:

• Gross take-up of c.46,700 sqm was recorded for 3Q25, and on track to exceed the long-run annual average.
• New floorspace added totalled c.58,000 sqm over the quarter. The current pipeline of new development supply between 2026 and 2027 is forecast to average c.249,000 sqm per annum, which is above the 10-year average.
• The pre-commitment rate for the forward supply pipeline (2026-2027) is elevated at just over 70%.
• Super prime net face rents remained stable q-o-q, as were incentives.
• Owner occupier activity increased land values for 0.25 ha lots which now average AUD 688/sqm - up 12.5% y-o-y.
• Investment transactions of AUD 397 million have been recorded in 2025YTD (for transactions ≥ AUD 5 million), with private investors being active in the market.
• Super prime midpoint yields compressed by 25bps q-o-q to 6.0%. Prime midpoint yields remained stable q-o-q at 6.5%.