The Industrial Land Shift

NATIONAL OVERVIEW

THE INDUSTRIAL LAND SHIFT | 8

SYDNEY MELBOURNE BRISBANE PERTH ADELAIDE CONTACT INFORMATION

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

Australian Land Take-up by City (hectares)

Average Pre-lease Transaction Size (sqm)*

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 recorded absorption above their respective 10-year averages. 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.

1,000

40,000

900

35,000

800

30,000

700

600

25,000

500

20,000

400

15,000

300

200

10,000

100

5,000

899 hectares Industrial land take- up in 2025, up 42% from the 10-year annual average

0

-

Sydney Melbourne Brisbane Perth Adelaide

2020 2021 2022 2023 2024 2025 YTD 2026

* National Average

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