Region. Record for new industrial supply

Last year represented a record in the level of new supply in Sydney’s industrial markets, predominantly delivered in the outer and south-west regions, according to Knight Frank’s Sydney Industrial Market report. The level of new supply in 2009 is forecast to be considerably lower than in 2008, with a significant proportion of scheduled projects deferred as their commencement date draws near. Sales activity declined across all Sydney regions during the second half of 2008 as investor sentiment was negatively affected by the downturn in the economic outlook. Sales activity over the last two quarters of the year was 76.54 per cent lower than the average level of activity in the corresponding periods since 2004