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1.Market Observations, 8.Was Sticky

5 Dec 2016 (AFR) – Aldi and Costco fuelling demand for warehouses across Sydney

(5 December 2016, AFR, p34, by Denham Sadler)

‘The demand for warehouses in Sydney is pushing up rents for these premises at a faster rate than at any time in recent years, a new report has found. According to Knight Frank’s latest Sydney Industrial Market Brief, prime net face rents for industrial real estate increased by 3.2 per cent year-on-year, the highest level of growth in 10 years.’

Read more at AFR.com (might need AFR login access, or tr: AFR.com/trial)

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