Logistics - Australia's Top State For Logistics
One state leads the others when it comes to the highest growth rate for ecommerce logistics, distribution, and warehousing in Australia.
According to Savills Australia, those areas have shown a growth of 5.2 percent annually, which was the highest of any state nationally. That's because of Queensland's online retail demand will continue to drive requirements across the market. The state's major project and infrastructure completions have helped stimulate economic progression, industrial investment demand, and leasing take up.
"Investors are searching the market for quality investments and after a strong flurry at the start of the year, which saw some major transactions in Brisbane, the paucity of stock has stifled these major transactions," said Callum Stenson, State Director of Industrial & Logistics at Savills Australia, who foresees big things for Brisbane's industrial markets.
Queensland's growth is expected to generate an additional 350,000 square meters of industrial space every year.