Region. Resilient industrial market

The Central West has emerged as the most resilient industrial market in Sydney. Over the past three months, CBRE has leased over 15,000 square metres of industrial space in business parks throughout the Central West, which includes Homebush, Lidcombe, Auburn, Silverwater, Rydalmere and Chullora. CBRE Parramatta MD, Cameron Grier, said a scarcity of vacant industrial sites had underpinned land values in the area, even during the worst of the GFC, when land prices across Western Sydney had fallen on average between 25 per cent and 40 per cent.