EDITION 06 • OCTOBER 2025
INDUSTRIAL AND LOGISTICS
A note from our National Head of Industrial Logistics
In this edition
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04 Thought Leadership 10 New South Wales 26 Queensland 38 Victoria 54 South Australia 60 Western Australia 82 National Offices 74 Australian Capital Territory 76 Northern Territory 80 Meet The Team
As we near the end of 2025, we are pleased to bring you the latest edition of Knight Frank’s flagship publication, SPACE, that offers the most up-to-date and topical insights on Australia’s industrial property market for landlords and occupiers. This edition includes a key research update Page 6 from Knight Frank Director, Research & Consulting Marco Mascitelli. Marco provides expert observations into how the East Coast industrial market is finding its balance this year, and considers speculative completions, construction activity, rental growth and incentives. He writes that following a rapid rise in vacancy over the last 18 months across the East coast industrial market, vacancy levels held steady through the first half of 2025, sitting at 2.35 million square metres in Q2 — virtually unchanged from the previous quarter. This equates to a blended vacancy rate of 3.2%, with Sydney remaining tight at just 2.2%, Melbourne at 3.1%, and Brisbane higher at 5.1%. Within each market, however, performance varies considerably, particularly in precincts that have experienced a surge of new construction. We have also put the spotlight on the industrial market in the regional city of Newcastle in New South Wales. Knight Frank Partner, Industrial Agency in Newcastle Dan Barry shares insights into the outlook for the Hunter region Page 24, which, he argues, is emerging as one of Australia’s most compelling industrial hubs. Nationally, the industrial and logistics sector continues to outperform other asset classes, underpinned by e-commerce, supply chain resilience, and nearshoring strategies. Locally, Newcastle offers a unique blend of affordability, connectivity to the north and south, and future-facing industries that are bringing it to light. Meanwhile, Knight Frank Partner, Industrial Investments Angus Klem outlines how geopolitics is rewiring supply chains and industrial real estate Page 4. As global trade becomes increasingly politicised, tariff policies and geopolitical tensions are reshaping the way goods move, the structure of supply chains and the demand for industrial real estate. Australia, with its geopolitical stability, energy resources and proximity to Asia, is emerging as a key beneficiary of this evolving landscape.
This edition of SPACE also features a Q&A with Richard Trumbull, Knight Frank’s recently appointed Partner, Tenant Representation – Industrial, a newly created role and offering for our firm. Richard, who has more than 20 years’ experience in property, and 15 in the industrial sector, will be growing Knight Frank’s industrial tenant representation offering nationally. This includes providing expert advisory services to industrial occupiers across a range of lease-related matters, including procuring new purpose-built facilities, negotiating new leases, negotiating lease extensions and putting in place early exit strategies. It also includes introducing clients to the broader range of services Knight Frank provides to support occupiers, including portfolio management, project management, development management and property management. In his Q&A Page 8 Richard discusses topics such as critical dates for occupiers, the importance of lead time for good outcomes in negotiations and how occupiers can improve visibility across their lease portfolio. Knight Frank Partner, Head of Asset Management Services (AMS), Victoria Ben Veale also details how Knight Frank’s AMS team is playing a pivotal role in preparing the Somerton Business Park for the operational milestone set to be achieved by the Somerton Intermodal Terminal (SIT) this month. Somerton Business Park, a land holding of approximately 99 hectares, situated 20 kilometres from Melbourne’s CBD, will be the home of the SIT – the largest intermodal in Australia with an initial capacity of one million, Twenty-Foot Equivalent Unit (TEU) containers. 2025 has been marked by a stabilization in the industrial property market, and we expect the market to remain this way going into 2026, with some precincts continuing to perform more strongly than others. There is still time for transactional activity in terms of acquisitions, sales and leasing before we see the end of 2025, and as such SPACE showcases a range of current opportunities right around Australia. If you are interested in any of our industrial opportunities, or would like to discuss the industrial market in your local area, please don’t hesitate to get in touch with our relevant experts. We hope you enjoy our latest edition of SPACE.
Read Knight Frank's latest Australian Industrial Review research paper.
James Templeton Partner, National Head of Industrial Logistics
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Knight Frank Australia
Industrial and Logistics
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Thought Leadership
Tariffs, Tensions and the Shed Boom: How Geopolitics is Rewiring Supply Chains and Industrial Real Estate By Angus Klem Partner, Head of Industrial Investments and Head of North Sydney After decades of trade liberalisation, tariffs have re-emerged as a central tool of industrial strategy. In 2024, the United States quadrupled its tariff on Chinese electric vehicles to 100%, and 50% on semiconductors and solar cells. These measures have far-reaching effects across manufacturing supply chains, increasing costs and encouraging production to shift toward trusted partners and stable jurisdictions such as Australia. China has also been recalibrating its trade relationships. The removal of tariffs on Australian wine and barley has reopened key export channels, prompting producers to re-engage with China while maintaining the diversified markets they developed across Southeast Asia and the Middle East. This renewed stability mirrors the broader reorientation of global supply chains toward greater resilience and risk dispersion. Despite persistent global uncertainty, Australia’s industrial market continues to demonstrate remarkable resilience. The East Coast vacancy rate stabilised at 3.2% during the second quarter of 2025, equating to approximately 2.35 million square metres of vacant space. While speculative developments account for around 905,000 square metres, the balance of demand and supply has steadied after the sharp increase seen through 2024. Industrial leasing activity remains robust, with 1.5 million square metres of take-up recorded across the East Coast in the first half of 2025. This pace suggests annual absorption will likely meet or surpass 2024 levels. Tenant demand is more measured this year, with large occupiers remaining selective while smaller and mid-sized tenants continue to drive steady activity.
As global trade becomes increasingly politicised, tariff policies and geopolitical tensions are reshaping the way goods move, the structure of supply chains, and the demand for industrial real estate. Australia, with its geopolitical stability, energy resources, and proximity to Asia, is emerging as a key beneficiary of this evolving landscape.
Total new supply for 2025 is forecast at just over two million square metres across the East Coast, representing a 22% reduction from the previous year. Developers have slowed speculative pipelines in response to elevated vacancy and capital cost pressures. Melbourne is expected to see a 40% decline in completions as feasibility constraints temper new project starts. Rents remain elevated, supported by structural drivers such as reshoring, e-commerce and supply chain diversification. Adelaide continues to lead the country with annual prime face rent growth of 10.1%, the only market to sustain double-digit gains. Perth followed with 6.7%, Brisbane 5.2%, Melbourne 4.3% and Sydney 2.6%. This variation reflects the balance between supply and demand across key markets, with limited-supply corridors recording the strongest growth. Incentives have also become more mainstream, reflecting heightened competition for tenants. Sydney ranges between 11% and 22% (17-25% in fringe locations), Brisbane 10-14%, and Melbourne 17-25%. Adelaide averages around 9%. Despite this, rental growth remains positive, particularly in land-constrained and logistics-heavy markets. Investor confidence is also strengthening. Investment volumes reached four billion dollars in the first half of 2025, continuing momentum from a record eleven billion transacted in 2024. Strong appetite for prime industrial assets has driven modest yield compression, particularly in Sydney and Brisbane, where prime yields tightened by seven basis points in the second quarter to average 5.38% and 6.03% respectively. Melbourne, Adelaide and Perth held
steady at 5.85%, 6.28% and 6.50%. Secondary yields in Sydney and Brisbane also firmed, compressing by up to twelve basis points to sit between 6.3% and 6.5%. Behind these numbers lies a deeper structural story. Ongoing trade realignment, tariff measures and the drive for sovereign capability are transforming occupier strategies. Defence, clean energy and advanced manufacturing sectors are expanding their footprints, while retail sales growth of 4.2% to June 2025 underscores the continued evolution of e-commerce logistics. Tariff walls are no longer limited to consumer goods; they now extend across energy and technology supply chains. The United States has applied a 25% tariff on battery components and 50% duties on solar cells and certain semiconductors, reinforcing the global shift towards friend-shoring manufacturing within trusted trade blocs. For Australia, this shift is driving investment into power-dense facilities, renewable processing infrastructure, and logistics hubs connected to critical mineral corridors. The industrial market is stabilising after an intense expansion phase. Vacancy has steadied, rental growth remains positive, and investor confidence continues to build as yields begin to tighten once again. At the same time, tariff measures and industrial policy interventions are accelerating the regionalisation of global supply chains. Australia’s industrial sector, backed by geopolitical stability and policy alignment with the United States and Europe, stands as a clear beneficiary, offering both resilience and opportunity in an uncertain world.
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Knight Frank Australia
Industrial and Logistics
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Construction activity responds swiftly to market shifts The industrial sector’s relatively short build timeframes allow it to adapt quickly to changing market conditions. Developers are easing back the pace of new supply, with completions across the East Coast expected to fall by around 20% in 2025 compared to last year. Melbourne is set to see the sharpest slowdown, with project deliveries forecast to decline by about 40%. Despite this moderation, speculative completions remain elevated in 2025, making up an estimated 52% of total new supply. This is largely the result of projects that commenced in late 2024 and are now reaching completion. However, new speculative starts have become far more limited this year, as tighter feasibility conditions and capital constraints temper developer appetite in the near term. Rental growth moderates and higher incentives now expected After several years of rapid escalation, industrial rental growth is clearly moderating as new supply and higher vacancy bring balance to the market. Across the East Coast, quarterly prime rents ranged from stable in Sydney to a modest 2.2% rise in Brisbane. Adelaide remains the standout performer, achieving a strong 10.1% annual increase — the only market to sustain double-digit growth. Elsewhere, rents have steadied as an influx of speculative completions gives occupiers more choice. Annual growth reached 6.7% in Perth, 5.2% in Brisbane, 4.3% in Melbourne and 2.6% in Sydney, where gains were largely confined to South Sydney. The variation across markets reflects differing levels of vacancy and new supply — land-constrained precincts continue to see upward pressure, while areas with abundant new stock are levelling out. Incentives have risen over the past 18 months as competition for occupiers has intensified. Initially concentrated in new Sydney developments to preserve face rents, incentives have now increased across all major markets. Current ranges sit around 11%–22% in Sydney, 17%–25% in Melbourne (outside the City Fringe), 10%–14% in Brisbane and roughly 8%–10% in Adelaide, with some completed speculative assets reportedly offering higher deals.
Industrial market conditions are showing signs of stabilisation over the first half of 2025, with national vacancy steady at 3.2% and notable variation by city — Sydney remains the tightest at 2.2%, while Brisbane sits higher at 5.1%. Construction activity is slowing, with East Coast completions expected to fall around 20% in 2025 and Melbourne facing a sharper 40% drop, as developers respond to tighter feasibility and capital constraints. After a period unprecedented rental growth, rents have now moderated and incentives have risen across all major markets.
By Marco Mascitelli Director, Research & Consulting Thought Leadership
East Coast Industrial market finding its balance Following a rapid rise in vacancy over the last 18 months across the East coast industrial market, vacancy levels held steady through the first half of 2025, sitting at 2.35 million square metres in Q2 — virtually unchanged from the previous quarter. This equates to a blended vacancy rate of 3.2%, with Sydney remaining tight at just 2.2%, Melbourne at 3.1%, and Brisbane higher at 5.1%. Within each market, however, performance varies considerably, particularly in precincts that have experienced a surge of new construction. Speculative completions has been a key driver of elevated vacancy, contributing around 905,000 square metres, or 38% of all available space. With many new projects reaching completion but leasing at a slower pace than in previous years, the composition of vacant stock is shifting. Secondary space continues to rise, while prime existing space has edged down — now aligning closely with long-term averages.
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Knight Frank Australia
Industrial and Logistics
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Thought Leadership
Q. H ow can occupiers improve visibility across their lease portfolio? A. Many occupiers still rely on outdated spreadsheets or scattered records to track their leases. This creates risk — missed renewals, rent reviews, and hidden cost creep. Knight Frank’s ACE platform solves this by giving occupiers a single, interactive view of their entire portfolio. ACE presents data visually through easy-to-read dashboards that highlight key dates, rent commitments, and upcoming risks It also benchmarks sites against current market conditions, helping identify savings or consolidation opportunities. With ACE, occupiers move from reactive to proactive — making informed decisions before issues arise. Q. W hat sets Knight Frank apart from other tenant representation providers? A. Knight Frank offers occupiers a fully integrated service platform spanning Tenant Representation, Valuations, Project Management, Building Consultancy, ESG Advisory, Capital Markets, and Strategic Advisory for complex projects. This structure ensures every property decision — from negotiation through delivery — is considered in context. Our teams collaborate seamlessly, providing one point of accountability and a unified strategy that reduces risk, removes inefficiency, and enhances outcomes. For occupiers, this integration means consistent advice, efficient execution, and stronger commercial and strategic results.
Q. In today’s market, where can occupiers still find leverage? A. Even in tight industrial markets, occupiers can create leverage with preparation, insight, and timing. Starting early allows tenants to explore alternatives, benchmark against real deals, and demonstrate credible options to landlords. Leverage also comes from packaging requirements strategically — multi-site or longer term deals attract stronger competition. Flexibility can be negotiated too: expansion rights, makegood terms, or early-termination options can deliver value beyond headline rent. The combination of e arly engagement, market intelligence, and portfolio visibility through ACE ensures occupiers negotiate from a position of knowledge — securing terms that truly support their business.
In this edition we interviewed Richard Trumbull Partner, Tenant Representation - Industrial Here’s what he had to say:
Q. W hy are critical dates so important for occupiers? A. C ritical dates — like lease expiries, rent reviews, and options — drive major property decisions. Yet many occupiers only look at them once it’s too late. Missing or reacting to these dates can cost a business options, leverage, and money. Managing critical dates properly gives control to the occupier. It allows time to prepare strategy, test the market, and make decisions on your own terms — not the landlord’s. The earlier you identify them, the more influence you have over rent, flexibility, and long-term outcomes Q. How does lead time affect the outcome of a negotiation? A. Time is leverage. When occupiers start the process early — it creates options. You can run a genuine stay-vs-go analysis, understand market conditions, and build competitive tension between landlords. Leaving it too late removes negotiating power and often forces tenants to accept unfavourable terms or rushed renewals. Early engagement gives breathing room to plan, benchmark properly, and secure a deal that aligns with business goals rather than reacting to deadlines.
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Knight Frank Australia
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New South Wales.
Key Listings
Sold
2 Clay Place, Eastern Creek Site Area: 5,243 sqm
Building Area: 2,111 sqm Key Features Four (4) on-grade roller doors providing access from three sides of the building 7.5m-wide awning covering two side roller doors for all-weather loading/unloading Orlando Maciel – 0413 344 430 Matt Chambers – 0402 347 087
*All figures are approximate.
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Key Listings EOI Closed
Key Listings
For Lease
Units 12 & 13, 287 Victoria Road, Rydalmere Building Area 1,032 sqm Key Features Tenanted investment with upside Long term tenant in situ Matt Chambers – 0402 347 087
Orlando Maciel - 0413 344 430
For Lease
1-7 Rose Crescent, Regents Park Site Area 1,471 sqm
40-88 Forrester Road, St Marys Building Area 12,063 sqm Key Features Located in the well-established Forrester Road Distribution Centre, this freestanding facility can offer up to 12,063 sqm* in one line or taken as three tenancies at 2,500 sqm*, 4,700 sqm* x2 1713 sqm* breezeway included | 1,600 amp power onsite Matt Chambers – 0402 347 087 Orlando Maciel - 0413 344 430
Building Area 1,150 sqm Key Features Secure yard / hardstand area perfect for container set-down, external storage, or vehicle manoeuvring First floor storage with roller door access James Reeves – 0404 039 884 Haris Cehic - 0448 508 520
*All figures are approximate.
*All figures are approximate.
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Key Listings
Key Listings
For Sale
For Lease
350 Eastern Valley Road, Chatswood Site Area 6,491 sqm Key Features This three-storey building offers 3,824sqm* of Net Lettable Area (NLA) on a substantial 6,491 sqm site with multi-level car park accommodating 140 vehicles. The property is fully leased to Fitness First Platinum, one of Australia’s leading fitness providers, providing a solid income until December 2031, with a further 10-year option.
6 Lucca Road, Wyong NSW 2259 Site Area 10,000 sqm*
Building Area 5,660 sqm*
Key Features Generous internal height of 10 metres*, the space provides excellent vertical clearance.
Ideal for a range of operations and perfectly suited for mezzanine racking to enhance operational efficiency.
Racheal Greenwood - 0402 926 251
Angus Klem - 0439 032 001
Mark Litwin - 0415 742 605
*All figures are approximate.
*All figures are approximate.
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Knight Frank Australia
Industrial and Logistics
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Key Listings
Key Listings
For Lease
For Sale
10/4 Fairmile Close, Charmhaven NSW 2263 Site Area 206 sqm*
68 Pile Road, Somersby NSW 2250 Site Area 4,680 sqm* Key Features The site is 4,680 sqm* gross land area with an impressive frontage of 117 m* and a depth of 40 m*. Ideally positioned next to a brand-new building, offering a prime location for development. Karen Aubrey - 0411 358 856
Building Area 158 sqm* Key Features This well presenting warehouse offers 158 sqm* including a toilet and kitchen amenities, as well as a 48 sqm* mezzanine. The property is positioned in the popular 4 Fairmile Close development in Charmhaven. Robert Bose - 0412 846 273
*All figures are approximate.
*All figures are approximate.
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Knight Frank Australia
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Key Listings
Key Listings
For Lease
For Sale
3 & 4/16 Bonnal Road, Erina NSW 2250 Site Area 2,140 sqm*
2 Pioneer Avenue, Tuggerah NSW 2259 Building Area 80 sqm - 662 sqm* Key Features Corner site with high exposure, located in the prestigious Tuggerah Business Park.
Building Area 142 sqm* - 204 sqm* Key Features The property has flexible E4 General Industrial zoning and is in a tightly held precinct with quality on-site parking and 3 phase power. Jackson Sinclair - 0422 375 522
Boutique development designed with two separate driveways, mezzanines, additional glazing, and shop fronts.
Brett Dowling - 0402 409 685
*All figures are approximate.
*All figures are approximate.
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Knight Frank Australia
Industrial and Logistics
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Key Listings
Key Listings
For Sale
For Lease
Kinross Estate, Masonite Road, Heatherbrae Site Area 3,699 sqm - 30,000 sqm Key Features Convenient access to the Pacific Highway and is within close proximity to the New England Highway and Hunter Expressway. With six lots ranging from 3,699 sqm* to 6,944 sqm*, there is flexibility to combine lots to accommodate your requirements. Dan Barry - 0437 558 085 Michael Boom - 0410 764 599
72 Camfield Drive, Heatherbrae Site Area 4,218 sqm
Building Area 2,825 sqm Key Features Brand-new building with estimated completion in Q3 2025 | Two level office accommodation Three large roller doors | 14 car spaces | E4 General Industrial zoning | 200-amp power supply provided Dan Barry - 0437 558 085 Michael Boom - 0410 764 599
*All figures are approximate.
*All figures are approximate.
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Knight Frank Australia
Industrial and Logistics
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Key Listings
Key Listings
For Sale
For Sale
6 Enterprise Dr, Beresfield Site Area 17,190 sqm
131 St Vincent Street, Ulladulla NSW 2539 Site Area 10,827 sqm
Building Area 1,608 sqm - 2,904 sqm Key Features 10 m* eave clearance with internal offices to each unit | Ability to lease individually or combine Ample on-site parking | Prominent exposure to Weakleys and Enterprise Drive | Drive through loading Dan Barry - 0437 558 085 Michael Boom - 0410 764 599
Building Area 4,900 sqm Key Features Significant land parcel of over 10,000sqm | Located in the growth corridor of Ulladulla MU1 rezoning to Mixed Use | Two street access | Elevated site | FSR of 3.5:1 Ben Churven - 0421 657 510 Raffi Zilifian - 0410 777 200
*All figures are approximate.
*All figures are approximate.
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Knight Frank Australia
Industrial and Logistics
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Market Dynamics These drivers are fuelling strong demand across the market. Vacancy rates remain tight at under 5%, with occupiers facing limited choice in modern, high- clearance warehouses. This scarcity has translated into rental growth, outpacing long-term averages and narrowing the gap with Sydney. Land availability is also constrained, particularly for lots over 3 hectares, which has lifted land values significantly over the past 24 months. Our recent sale campaigns have generated strong interest from both local and out-of-area investors, including institutional funds. Historically, Newcastle flew under the radar for these groups, largely due to asset pricing typically falling below the $10 million mark a scale too small to support fund structures. However, as the market has grown, asset values are now regularly exceeding $15 million, putting Newcastle on the radar of sophisticated purchasers seeking diversification and yield spread relative to Capital Markets. Rental reversion is also becoming a key part of the investment thesis, with many older leases rolling off below-market rates and resetting to current levels in the $175–$220 per sqm net range. Market yields are typically sitting in the range of 5.75% – 6.25% assuming market rental which still offers a spread to metro cores. This dynamic is underpinning confidence in both income and capital growth and often investors are comparing property prices to replacement values. Local Expertise While the fundamentals are strong, businesses need to understand Newcastle’s unique dynamics. Planning frameworks can differ from metropolitan councils, requiring early engagement to navigate zoning and infrastructure contributions. The Hunter region is widely known for its’ skilled industrial workforce, but competition is increasing as more national firms set up operations. Supply chain operators must also factor in port diversification strategies and rail capacity, which are still evolving. Overall, Newcastle offers a compelling combination of stronger returns, rental uplift, and long-term growth prospects. The consensus outlook is further land value appreciation, underpinned by supply shortages and ongoing infrastructure delivery. In our opinion Newcastle is no longer a secondary consideration and instead a strategic industrial market, fuelled by infrastructure, diversified demand, and alignment with Australia’s energy future.
Infrastructure & Investment A wave of infrastructure investment is accelerating this transformation. The Port of Newcastle is reinventing itself as a diversified trade hub, with projects spanning hydrogen, fuel import terminals, and container capacity. Road and rail upgrades are strengthening links to Sydney and the broader Hunter Valley, while the Newcastle Airport’s $55M terminal upgrade/expansion is creating an international gateway for business and freight. Developers are responding in kind. Industrial precincts around Mayfield, Heatherbrae, and Beresfield are seeing new larger warehousing, largely led by local private developers delivering speculative and pre-lease product. Energy infrastructure is another catalyst, with renewable energy zones mapped across the Hunter that are drawing global players in hydrogen, battery storage, and advanced manufacturing. Newcastle is also emerging as a hub for green energy initiatives within its industrial precincts. Companies operating in the Mayfield and Heatherbrae areas are increasingly integrating solar, battery storage, and energy-efficient building design into their facilities, while local renewable energy zones are attracting investment from hydrogen, wind, and solar developers. The region’s industrial clusters are becoming living examples of how sustainability and commercial activity can coexist, supporting occupiers’ ESG objectives and reducing operational emissions. The expansion of the Port of Newcastle’s deep-water terminal is another significant catalyst. Designed to handle larger vessels and more diversified cargo, the terminal will enhance the city’s freight capacity, strengthen import/export logistics, and support energy transition projects by enabling bulk imports of clean fuels, hydrogen, and renewable energy components. This investment reinforces Newcastle’s strategic position as a major industrial and trade gateway on the east coast. Strategy & ESG Considerations Newcastle is also aligning neatly with occupiers’ ESG priorities. Its proximity to the port, rail corridors, and renewable energy zones enables shorter, greener supply chains and lower emissions compared to congested metro hubs. The region is positioning itself as a leader in the energy transition, with hydrogen production, wind assembly, and battery storage projects either committed or in advanced planning. Local government has been proactive in supporting ESG-aligned activity, streamlining approvals for renewable projects and promoting industrial zones that integrate sustainability features. For corporates under pressure to meet carbon reduction targets, Newcastle offers a tangible opportunity to align operations with long-term sustainability goals.
Thought Leadership
Newcastle’s Industrial Market: A City on the Rise By Dan Barry Partner, Industrial Agency Framing the Opportunity For decades, Newcastle has been viewed as a secondary market to Sydney, Brisbane, and Melbourne. However in recent times, the Hunter region is emerging as one of Australia’s most compelling industrial hubs. Nationally, the industrial and logistics sector continues to outperform other asset classes, underpinned by e-commerce, supply chain resilience, and nearshoring strategies. Locally, Newcastle offers a unique blend of affordability, connectivity to the north and south, and future-facing industries that are bringing it to light. Unlike the scarce and competitive land and rental markets of Capital Markets such as Sydney and Melbourne, Newcastle still offers relative value, with opportunities for both occupiers and investors to secure scale without the price pressure of core metro markets. Importantly, demand is not confined to one sector. Logistics operators are attracted by proximity to the Port of Newcastle and improved road links. Defence contractors are leveraging the region’s long association with the Williamtown RAAF Base. Renewables and manufacturing groups are also circling, drawn by government incentives and the city’s role in Australia’s energy transition.
Market Snapshot (2025) • Net rental rates: $175–$220 per sqm • Market yields: 5.75%–6.25% • Land sale rates (5,000sqm): $500 - $1,000 per sqm + GST • Vacancy: Sub-5% for industrial assets over 1,000 sqm, with availability even tighter for modern, high-clearance stock. • Incentives: 5-8% • Site area in demand: 5,000 sqm – 15,000 sqm • Key precincts: Mayfield, Heatherbrae, Beresfield • Major sectors driving demand: Logistics, manufacturing, renewables, defence • Notable infrastructure projects: Port of Newcastle upgrades, Newcastle Airport expansion, road & rail links, renewable energy zones
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Queensland. Key Listings For Sale / Lease For Sale
BrisWest Stage 1, Noblevale Way, Swanbank QLD 4306 Site Area 7,000 sqm up to 6.4 ha
Building Area 500 sqm up to 25,000 sqm Key Features Industrial land from 7,414 sqm to 6.4 Ha | BrisWest Stage 1 is now over 60% SOLD. Brisbane has a critical shortage of industrial land and BrisWest provides a variety of block sizes to suit both developers and owner occupiers. Mark Clifford – 0408 451 848 Lachlan Hateley – 0405 257 209
*All figures are approximate.
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Key Listings For Lease
Key Listings
For Sale / Lease
341 Lavarack Avenue, Pinkenba QLD 4008 Site Area 9,900 sqm
1-3 Calcium Court, Crestmead QLD 4132 Site Area 1,927 sqm
Building Area 925 sqm - 5,337 sqm
Building Area 1,171 sqm Key Features Featuring 198 sqm of high-quality office space over two levels and 973 sqm of functional warehouse Dual street crossovers | Two on-grade roller doors | Ample parking | Excellent accessibility and convenience David Knox – 0408 548 281 Sam Harper - 0423 380 514
Key Features Multiple tenancy configurations on offer | Large site providing ample hardstand area Drive through access enabling efficient vehicle flow | Dangerous goods approved facilities Ben Hatch - 0421 169 898 Henry McKeering - 0439 472 002
For Sale
For Lease
117 Beatty Road, Archerfield QLD 4108 Site Area 13,000 sqm
95 Quinns Hill Road East, Stapylton QLD 4207 Site Area 43,380 sqm
Building Area 5,106 sqm Key Features Featuring high-clearance workshop areas | Multiple roller doors | 4,000 sqm hardstand Wash bay, heavy-duty cranes (5t & 10t) | Large power supply David Knox – 0408 548 281 Lachlan Hateley - 0405 257 209
Building Area 10,000 sqm - 11,880 sqm Key Features This 4.338 ha* parcel is available for sale in one line or individually, with lots ranging from 1 ha to 1.188 ha and existing improvements on Lot 100. Currently leased to quality tenants on flexible terms, the site generates $1.215m p.a. net income with potential for $2.212m, and offers 24/7 Medium Impact zoning adjacent to Visy’s new $500m facility.
Elliot Ryan - 0401 515 252
Sam Harper - 0423 380 514
*All figures are approximate.
*All figures are approximate.
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Key Listings For Lease
For Sale Key Listings
28 Jennifer Street, Seventeen Mile Rocks QLD 4073 Building Area 64 sqm - 179 sqm Key Features This development offers high-quality units with 5m automatic roller doors, excellent internal clearances, and stylish finishes including painted warehouse floors and walls. Each unit includes PWD and shower facilities, 2–5 car parks, and enjoys green space plus city and river views from the rear. David Knox – 0408 548 281 Lachlan Hateley – 0405 257 209
For Lease
110 Hub Crescent, Heathwood QLD 4110 Site Area 8,802 sqm
The Assembly, 18-24 Loam Street, Acacia Ridge QLD 4110 Building Area 133 sqm - 315 sqm Key Features The Assembly features 21 modern, architecturally designed warehouse units ranging from 133 to 315 sqm, each with mezzanine office space and high-spec amenities. This secure, fully fenced complex offers smart hub technology, multiple access points, 5m roller doors, LED lighting, and 2–6 dedicated car parks per unit, ideal for a variety of business needs.
Building Area 1,785 sqm - 4,181 sqm Key Features Flexible design with ability to split into two tenancies | Two-level, high-spec office with a modern glass façade Concrete tilt panel warehouse with excellent internal clearance | Four (4) container-height roller doors for efficient warehouse access Mark Clifford – 0408 451 848 Ned Jefferies - 0488 272 299
Lachlan Hateley – 0405 257 209
David Knox - 0408 548 281
*All figures are approximate. Artist’s impression only. Subject to change & authority approvals.
*All figures are approximate.
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Key Listings For Lease
Key Listings
For Sale / Lease
50 Mineral Sizer Court, Narangba QLD 4504 Site Area 7,460 sqm
Smartstores Citiswich, 183 Hume Drive, Bundamba QLD 4304 Building Area 95 sqm - 462 sqm Key Features Featuring high-bay warehouses with 7m clearance and flexible mezzanine layouts. Located in Brisbane’s Western Corridor, the secure, gated complex provides excellent connectivity and includes a designated food and beverage precinct, with completion expected in Q4 2025. Mark Clifford – 0408 451 848 Ned Jefferies - 0488 272 299
Building Area 16,430 sqm Key Features The site will be accessed via three (3) on-grade container high roller doors & two (2) recessed loading docks. With a 9m crossover, the development will allow full drive around capabilities with large manoeuvring hardstand & ample on-site car parks. Ben Hatch - 0421 169 898 Henry McKeering - 0439 472 002
For Lease
For Sale/Lease
52 Hawkins Crescent, Bundamba QLD 4304 Building Area 124 sqm - 357 sqm Key Features Hawkins Connect offers 21 premium warehouse, office, and storage spaces in Citiswich Business Park. With 24/7 zoning, private courtyards, gated access, and Warrego Highway exposure, it delivers quality finishes, 5m roller doors, and excellent branding potential. David Knox – 0408 548 281 Lachlan Hateley - 0405 257 209
Buiding 2.1, Willawong Distribution Centre, 221 Gooderham Road, Willawong Building Area 8,500 sqm Key Features 8,500 sqm functional office / warehouse tenancy in outstanding estate. Corporate office areas over two levels, pallet racking throughout with internal clearance from 10.9m - 12.9m. The tenancy is accessible via five (5) on-grade roller doors with a large awning for all-weather operations. Mark Clifford – 0408 451 848 Lachlan Hateley - 0405 257 209
*All figures are approximate.
*All figures are approximate.
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Key Listings For Lease
For Sale / Lease Key Listings
34 Kelliher Road, Darra QLD 4076 Site Area 2,002 sqm
Building Area 1,269 sqm Key Features This 1,269 sqm office/warehouse facility on a 2,002 sqm site includes 240 sqm of quality office space and 1,029 sqm warehouse with 8.5–10m clearances. It offers excellent truck access via an oversized 6.5m roller door and two street crossovers. Ned Jefferies - 0488 272 299 Lachlan Hateley - 0405 257 209
For Sale / Lease
Buiding 7.1, Willawong Distribution Centre, 221 Gooderham Road, Willawong Building Area 9,177 sqm Key Features Corporate grade office space over two levels with highbay warehousing space for racking capabilities. The tenancy offers a 10m - 13.7m internal clearance height with five (5) at grade roller doors & two (2) recessed loading docks. Also benefiting from a 35m canopy for all-weather loading and generous hardstand space for efficient truck movement.
57R Warner Road, Wrights Creek Site Area
6,000 sqm - 20,000 sqm Key Features This brand new estate situated in the southern growth corridor of Cairns between Edmonton and Gordonvale will be the first offering of industrial lots zoned High Impact to hit the Cairns market in over 20 years. Completed lots are scheduled to be ready for settlement in early 2026 and there are only a few remaining with two street access.
Mark Clifford – 0408 451 848
Lachlan Hateley - 0405 257 209
Matt Carless – 0407 964 013
*All figures are approximate. Artist’s impression only. Subject to change & authority approvals.
*All figures are approximate.
036
Knight Frank Australia
Industrial and Logistics
037
Key Listings For Lease
For Sale Key Listings
121 Farrellys Road, Paget. QLD Building Area Lot 22 - 4.86 hectares* Lot 24- 2 hectares* Lot 25 - 2.63 hectares* Key Features Located in the heart of the thriving industrial hub of Paget, this industrial land is zoned “High Impact” for a variety of uses, including manufacturing, warehousing, logistics and other industrial uses. With construction now completed, the site benefits from a variety of industrial developement opportunities. Paul Dury - 0448 476 006
For Sale
680 Ingham Road, Mount Louisa, QLD Site Area 42,300sqm*
688 Ingham Road, Mount Louisa QLD 4810 Site Area 10,000 sqm*
Building Area WH1: 1,367sqm | WH2: 4,493sqm | WH3: 2,212sqm Key Features Suitable for a diverse range of industrial users, this property offers a mix of warehouses and hardstand areas. Zoned medium impact industry with excellent connectivity to all major transport arterials. The property can be leased in part or as a whole to suit individual business needs. Mark Fitzgerald - 0447 416 006 Paul Dury - 0448 476 006
Building Area 3,450 sqm* Key Features The property is situated within Townsville’s most sought-after industrial precincts. Significant land holding of 1.05 ha* zoned medium impact industry. Functional improvements of 3,450 sqm* split over two separate buildings consisting of 1,850 sqm* warehouse plus 240 sqm* office and 1,110 sqm* warehouse and 260 sqm* office. Dan Place - 0437 122 337 Paul Dury - 0448 476 006
*All figures are approximate. Artist’s impression only. Subject to change & authority approvals.
*All figures are approximate.
038
Knight Frank Australia
Industrial and Logistics
039
Victoria.
Key Listings
For Lease
1 Industry Place, Corio Site Area
3,100 sqm
Building Area 2,010 sqm
Key Features 195sqm office | 3x roller door High exposure corner site Steve Jones – 0412 836 105
Chris Bolsin – 0402 666 596
Nathan Edgar – 0411 391 453
*All figures are approximate.
040
Knight Frank Australia
Industrial and Logistics
041
Key Listings
Key Listings For Sale or Lease For Lease
For Lease
6 Industry Place, Corio Site Area
5 Soho Road, Mitchell Park Site Area 16,000 sqm
2,535sqm
Building Area 1,905sqm
Building Area 7,714 sqm Key Features Dual site entry for large vehicle access | 34 carparks available | Dual site entry for large vehicle acces
Key Features 195 sqm office, 2x roller door IN1Z, 17 Car Parks Steve Jones – 0412 836 105
7 x Industrial loading zones sheltered by extensive canopies | Large power supply | Generous internal clearance heights
Chris Bolsin – 0402 666 596
Nathan Edgar – 0411 391 453
Chris Bolsin – 0402 666 596
Nathan Edgar – 0411 391 453
*All figures are approximate.
*All figures are approximate.
042
Knight Frank Australia
Industrial and Logistics
043
Key Listings
For Lease
160 Union Road, Somerton (Melbourne Intermodal Terminal) Site Area 1 – 30 ha’s Key Features 100T+ Rated Hardstand | Secure & Fully Bonded Facility Flexible Lease Terms | Largest Intermodal terminal in Australia Thomas Dodd – 0434 985 439
Daniel De Sanctis – 0417 573 975
*All figures are approximate.
044
Knight Frank Australia
Industrial and Logistics
045
Key Listings
Key Listings
For Lease
For Lease
Warehouse 2 & 3, 100 Bolinda Road, Campbellfield Site Area 33,000 sqm
Warehouse 3A, 2-50 Glenelg Street, Coolaroo (ESR Coolaroo Industry Park) Building Area 10,952 sqm Key Features 13.7m Internal Ridge Height | 36m Super Awning Multiple Docks and Roller Shutter Doors Thomas Dodd – 0434 985 439
Building Area 9,303 – 19,840 sqm
Key Features 13.7m Internal Ridge Height
High Power Supply | Large Hardstand Areas
Thomas Dodd – 0434 985 439
Daniel De Sanctis – 0417 573 975
Daniel De Sanctis – 0417 573 975
*All figures are approximate.
*All figures are approximate.
046
Knight Frank Australia
Industrial and Logistics
047
Key Listings
Key Listings
For Sale
For Sale
30 Dairy Drive, Coburg North (Coburg Industries) Building Area 119 – 280 sqm Key Features 7m Internal Height | Three Phase Power On Title Car Parking Spaces Thomas Dodd – 0434 985 439
22-26 Freight Drive, Somerton Site Area 15,100 sqm
Building Area 6,791 sqm
Key Features Significant Rental Reversion Potential, Approx. 3,500 sqm of Surplus Land Thomas Dodd – 0434 985 439
Daniel De Sanctis – 0417 573 975
Daniel De Sanctis – 0417 573 975
For Sale
For Lease
Part of 51-57 High Street, Thomastown Site Area 24,649 sqm
15 Berwick Road, Campbellfield Site Area 9,200 sqm
Building Area 14,000 sqm
Building Area 4,278 sqm
Key Features 180m of Direct Main Road Frontage Two Crossovers Thomas Dodd – 0434 985 439
Key Features 3,500 sqm+ of hardstand
Four (4) on grade container height roller doors
Thomas Dodd – 0434 985 439
Daniel De Sanctis – 0417 573 975
Daniel De Sanctis – 0417 573 975
*All figures are approximate.
*All figures are approximate.
048
Knight Frank Australia
Industrial and Logistics
049
Key Listings
Key Listings
For Lease
For Lease
For Sale or Lease
92 O’Briens Rd, Corio Site Area
31 Efficient Drive, Truganina Site Area 3,618 sqm
1,000 sqm
Building Area 571 sqm
Building Area 2,227 sqm
Key Features IN1Z | Roller Door | Separate Driveway for ease of access Kitchen & Shower Facilities | 3 Phase Power Nathan Edgar – 0411 391 453
Key Features 8.6m* Internal warehouse height | 3 phase power & upgraded solar system Huge front concrete hardstand Steve Jones – 0412 836 105 Joel Davy – 0411 109 876
Chris Bolsin – 0402 666 596
Andrew Gallucci – 0400 754 082
*All figures are approximate.
*All figures are approximate.
050
Knight Frank Australia
Industrial and Logistics
051
For Sale Key Listings
For Lease Key Listings For Sale
8 Integration Court, Truganina Site Area 6,528 sqm Key Features Approved plans and permits | Infrastructure & drainage complete Prime Truganina location Steve Jones – 0412 836 105 Joel Davy – 0411 109 876
Andrew Gallucci – 0400 754 082
For Sale For Lease
13 Barclay Road, Derrimut Site Area 3,126 sqm
Rangebank Estate, Warehouse 2, Battery Court, Cranbourne West Site Area 22,560 sqm Building Area 9,620 sqm Key Features Main Office: 500 sqm* | Dock Office: 100 sqm* | High Clearance: Up to 14.6m at the ridge | 62 on-site parking bays All-Weather Loading: 15m cantilever awnings | Dedicated Hardstand: 7,715 sqm* | B-double compliant circulation Josh Burne - 0430 338 202 Adam Athorne - 0421 923 910
Building Area 2,068 sqm Key Features 2 x container height motorised roller doors | Huge front concrete hardstand with extra wide cross-over Security fencing and automated remote gate access Steve Jones – 0412 836 105 Joel Davy – 0411 109 876 Andrew Gallucci – 0400 754 082
*All figures are approximate.
*All figures are approximate.
052
Knight Frank Australia
Industrial and Logistics
053
Key Listings
Key Listings
For SLeaalese 11,000 sqm still available
For Sale
371-383 Francis Street, Yarraville Site Area 19,700 sqm Key Features Hardstand Areas from 9,000 sqm – to 1.97 Ha available
Fully Fenced Premises – Ensuring safety and controlled access
Andrew Gallucci – 0400 754 082
Joel Davy – 0411 109 876
Steve Jones – 0412 836 105
For Sale or Lease
4 Paraweena Drive, Truganina Site Area 5,236 sqm
19 - 21 Technology Drive, Sunshine West Site Area 4,704 sqm*
Building Area 3,100.00 sqm
Building Area 2,660 sqm* Key Features Positioned on a prominent corner offering excellent exposure | 2 x crossovers, 2 x container height RSD’s Flexible industrial 2 zoning | 38 dedicated car parks on title Steve Jones – 0412 836 105 Joel Davy – 0411 109 876 Andrew Gallucci – 0400 754 082
Key Features Exceptional cubic capacity | Huge front concrete hardstand 4 x container hight roller doors Steve Jones – 0412 836 105 Joel Davy – 0411 109 876
Andrew Gallucci – 0400 754 082
*All figures are approximate.
*All figures are approximate.
054
Knight Frank Australia
Industrial and Logistics
055
South Australia.
Key Listings
For Sale
Lot 101 Thiele Highway, Gawler Belt SA Building Area 352-400 sqm* Key Features 30 bespoke warehouses ranging from 352 to 400 sqm*
Thoughtfully designed with high-quality office spaces and amenities included
Chet Al - 0413 104 002
Chris Clemente - 0401 602 665
*All figures are approximate.
056
Knight Frank Australia
Industrial and Logistics
057
Key Listings
Key Listings
For Sale
Sold
25 Barfield Crescent, Edinburgh North Site Area 2,885 sqm*
Building Area 1,493 sqm* Key Features Large 2,885 sqm site and 1,493 sqm with a current vendor operating their business in a large portion of the property. Sold as a value-add opportunity with rental revision and uplift. Sold through an Expression of Interest Campaign which generated 7 offers first round offers and 3 second round offers all unconditional. Chet Al - 0413 104 002 Harrison Grice 0402 174 606 Chris Clemente - 0401 602 665
For Lease Under Lease
2A Wilson Street, Royal Park Building Area 351 sqm* Key Features Units 1, 2 & 3 were leased for an average of $185 per square metre net to a variety of international and national tenants being Nilfisk Limited and Burson Automative all on long term leases. Chet Al - 0413 104 002 Harrison Grice 0402 174 606 Chris Clemente - 0401 602 665
74-80 Mirage Road, Direk Building Area 346-476 sqm* Key Features Units range from 364 to 476 sqm*, featuring tilt-up concrete construction, 6m* internal clearance, and 5m* roller doors Air-conditioned offices with kitchenette and bathroom, NBN readiness, high bay LED lighting, and three-phase power Chet Al - 0413 104 002 Harrison Grice 0402 174 606 Chris Clemente - 0401 602 665
*All figures are approximate.
*All figures are approximate.
058
Knight Frank Australia
Industrial and Logistics
059
Key Listings Leased
Discover the ACE Platform for Industrial Landlords & Occupiers
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Knight Frank’s ACE platform gives occupiers total visibility and control across their lease portfolio enabling better, faster decisions. Through clear dashboards, benchmarking tools, and automated alerts, ACE highlights key dates, rent commitments, and risks before they become problems. It’s built to put time back on your side, allowing you to act early, test the market, and negotiate from a position of strength. Rather than static reports, ACE is purpose-built to fit each occupier’s needs from interactive dashboards, multi-site tracking, or tailored portfolio reviews. It connects seamlessly with Knight Frank’s integrated occupier services including Tenant Representation, Project Management, Valuations, and ESG Advisory, providing one coordinated strategy that drives commercial and operational outcomes.
Richard Trumbull Partner, Tenant Representation - Industrial richard.trumbull@au.knightfrank.com +61 409 603 068
REQUEST A DEMO TODAY
1196-1200 Old Port Road, Royal Park Site Area 3,314 sqm*
Building Area 1,614 sqm* Key Features Leased to an International Rail and Track operator with contracts with DIT and Keolios Downer (Adelaide Metro Rail) on a 7+ 5 year lease with full asking rent. Chet Al - 0413 104 002 Harrison Grice 0402 174 606 Chris Clemente - 0401 602 665
*All figures are approximate.
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