Region. Owners breathing easier

Owners of industrial property are seeing signs of rents increasing as speculative building ceased with the global financial crisis. “Normally there would be in excess of five new 10,000-square-metre buildings a year added to the Western Sydney market but in 08-09, no new buildings have been started,” said Joshua Charles, of CB Richard Ellis, in The Sydney Morning Herald. All 2009 stock was gone, he said.