Region. Industrial space subdued

New supply of industrial space is expected to be subdued over the next two years according to CBRE’s Sydney Industrial MarketView report, with just over 80 per cent of this construction expected to take place in the outer west. A average of 485,000 square metres per annum is now expected to be completed during 2010/11 which is 37 per cent lower than the 2005-2009 average of 766,000 square metres per annum. Overall, it is likely 2010/11 will see the industrial property market in Sydney continue to rebound following the devastating effects of the global financial crisis, the report said.