The Industrial Land Shift

NATIONAL OVERVIEW

SYDNEY

MELBOURNE

BRISBANE

PERTH

ADELAIDE

CONTACT INFORMATION

THE INDUSTRIAL LAND SHIFT

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Industrial Land Take -up

Large pre -commitments and data

centre acquisitions underpinned a sharp pick

-up in land take -up in 2025

In response to larger pre -lease transactions and owner occupier demand, land take -up in 2025 was the equal strongest year on record, reaching almost 900 hectares. By comparison, the 10-year annual average is 635 hectares per annum. Take -up was led by the Melbourne market, with approximately 320 hectares absorbed for the year, while all cities

Australian Land Take -up by City (hectares)

Average Pre -lease Transaction Size (sqm)*

1,000

40,000

900

35,000

800

30,000

700

recorded absorption above their respective 10 -year averages.

600

25,000

The increasing size of pre -lease transactions is materially changing the rate at which industrial land is absorbed. A single commitment now regularly removes 15 -20 hectares from the market (up from an average of three hectares a decade ago), reducing the ability of developers to progressively replenish development -ready land.

500

20,000

400

15,000

300

200

10,000

100

5,000

899 hectares Industrial land take -

0

up in 2025, up 42% from the 10 -year annual average

-

Sydney

Melbourne

Brisbane

Perth Adelaide

2020 2021 2022 2023 2024 2025 YTD 2026

* National Average

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