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Australia’s industrial market is transitioning into a more balanced phase, with stronger leasing activity and investment deal flow supporting greater alignment between buyers and vendors.
- East Coast take-up reached nearly 1.0 million sqm in Q2, broadly in line with last year.
- Investment activity lifted late in the quarter, supported by several large transactions and improving price discovery.
- Rental growth continued to moderate, with Perth Core the only national benchmark market to record quarterly growth.
- Vacancy edged higher across the East Coast, although movements remain largely supply-led and localised by precinct and size band.
- Melbourne and Perth recorded selective yield softening, while other markets stabilised, highlighting that repricing remains targeted rather than market wide.
Looking ahead, improving visibility around inflation and interest rates should support stronger activity through the second half of 2026, underpinned by available capital, disciplined pricing and growing alignment between buyer and vendors.