Increased infrastructure investment and the rise of online retailing are driving positive tenant demand across Sydney while investment activity is elevated on the back of improved leasing conditions and rising effective rents.
Sydney’s industrial sector is in the midst of a growth spurt underpinned by increased infrastructure investment and rising merchandise trade volumes. The Federal Government has recently announced an $18 billion infrastructure development package for NSW over the next seven years, with major investments including $3.5 billion for the Western Sydney Airport and $3.6 billion for the Western Sydney Infrastructure Plan. This is in addition to the record $73.3 billion infrastructure program to be funded by the State Government over the next four years.
Source : Knight Frank