Region. Industrial rents fall

Sydney’s worst hit region for industrial property rents in the past year was the outer west, where average rents fell 9 per cent to $100 a square metre, according to LandMark White. The outer south-west fell 5 per cent to $95 a square metre, and the centre south-west 4 per cent. Sydney’s outer west accounts for more than half the planned supply of industrial buildings, and LandMark White expects planned projects will be pushed back until demand improves, according to The Australian Financial Review.