FY 2017 - All good news in Industrial property

The Melbourne industrial property market was certainly dynamic and strong performing in the 2016 – 2017 financial year. The increase in enquiries was dramatic, with realcommercial.com.au recording a 37% increase in visits and a 16% increase in leads compared to 2015 – 2016.

During the Fourth quarter of 2017, according to Knight Frank’s Vacancy Report, within Melbourne’s industrial property market:

• Available space fell by 7.8%

• Prime vacant stock decreased by 8.7%

• Speculative space under construction accounted for 13.7% of available stock

• Gross take-up was 24.3% greater than equivalent period in 2016.

This shows significant strength and mirrors what we have been experiencing on the ground — a substantial increase in transactions. In the 2017 financial year, Rutherfords transacted (sold or leased) more than 280,000m2 of industrial space in Melbourne — a very impressive result for a relatively small team.

The good news seems set to continue, with a high number of enquiries and overall confidence boosting the market. We expect another outstanding year in the industrial property market.

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