Monday, September 17, 2012

The Melbourne and Brisbane Industrial property markets both face challenges in the year ahead. For Melbourne, underlying demand for industrial property is set to weaken in line with the Victorian economy (and two out of three key drivers of demand turning negative). In Brisbane, the outlook is for industrial property is more positive, but demand remains narrowly focused. Businesses servicing the booming resources sector are doing well but those that aren’t are struggling. Demand for industrial space in Brisbane will continue to proceed at two different speeds in the short term. For both Melbourne and Brisbane, low levels of construction are doing the markets a favour.

Contact: Lee Walker (Melbourne Industrial)
              Christian Schilling (Brisbane Industrial)