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Vacancy Analysis

Sydney Industrial

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Sydney Industrial

After recording two successive quarterly declines in vacancy over the second half of 2012, the level of vacant industrial space in Sydney was broadly stable, recording only a very modest decrease in the three months to April (refer Figure 1). This decrease takes the total level of available space to 749,647m², a figure 13% below the peak recorded in July 2012.

Gross take up (excl. D&C’s) of 112,083m² was recorded during the quarter. Although demand still remains relatively inconsistent, gross take up has been demonstrating steady improvement. Over the past year, gross take up on a 12 months rolling basis has on average increased by 9% each quarter.

Source : Knight Frank

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Keywords : Knight Frank