Australia Industrial MarketView Q1 2021 (CBRE) 05 May 2021
- Industrial GVA was negative at -6.7% Q4 2020.
- Average super prime industrial rents were up 0.4% across the quarter. Australian super prime rents average $113/sqm
- Super prime yields have compressed by 57 bps y-o-y resulting in record low yields
- Land values for 1.6ha lots increased by 2.5% q-o-q averaging $570/sqm while 0.25ha lots increased by 5.4% q-o-q to $719/sqm.
- Transaction volumes. Transaction volumes above $5m totalled $393m across 18 transactions. This is 78% down on volumes recorded in Q1 2020.
