Perth Industrial and Logistics Figures Q4 2025

Key Points:

• Gross take-up of c.86,500 sqm was recorded for 4Q25 and c.255,000 sqm for CY2025, exceeding the long-run annual average.
• New floorspace added totalled c.87,000 sqm over the quarter. The current pipeline of new development supply between 2026 and 2027 is forecast to average c.272,000 sqm per annum, which is above long-run annual average. 
• The pre-commitment rate for the forward supply pipeline (2026-2027) remains elevated at around 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 730/sqm - up 16.2 y-o-y.
• Investment transactions of AUD 563 million have been recorded for 2025 (for transactions ≥ AUD 5 million), with private investors being active in the market.
• Super prime midpoint yields compressed by 13bps q-o-q to 5.9%. Prime midpoint yields remained stable q-o-q at 6.5%.