South-West. Industrial market picking up

The south-western Sydney industrial market has shown signs of picking up, with demand for premises to buy and lease increasing, and owners able to reduce incentives needed to lure tenants, according to the Sydney Morning Herald. Prime-grade rents ranged from $95 per square metre to $110 per square metre, whereas in Botany rents were around $135 per square metre. Jeff Pond, of Link Property Services, said the region, a traditional manufacturing location, was changing to warehousing and distribution. “There will be a push in the south-west from companies competing in south Sydney who are being pushed out of that location because of high land values,” he said.