Sydney Industrial and Logistics Figures Q3 2025

Key Points:

• Gross take-up for the year-to-date surpasses CY2024 levels, with 3Q25 totalling just over 170,000 sqm. 
• Around 40% of the CY2025 supply pipeline reached practical completion this quarter and a further 17% is due to reach PC in 4Q25.
• The pre-commitment rate for 2026-2027 pipeline is elevated at 28%.
• Positive rental growth was recorded over the quarter, albeit at a slower pace. Super prime net face rents have increased 4.8% y-o-y.
• Average land values remained unchanged over the quarter across all lots sizes tracked.
• A total of AUD 542 million in investment sales has been recorded in 3Q25, across 16 transactions (for sales ≥ AUD 5 million).
• Super prime midpoint yields tightened by 6 bps q-o-q and stand at 5.19%, whereas prime and secondary midpoint yields remained unchanged q-o-q sitting at 5.5% and 5.81%, respectively.