Region. Demand for warehouse space
CBRE’s regional director of industrial and logistical services, Joshua Charles, said any warehouse vacancies would not remain empty for long and that competition for A-grade space was “most definitely building." He said CBRE had more than 376,000 square metres of warehouse requirements in Western Sydney. He was commenting following Port Botany's container through-put being up 25.4 per cent on the same month last year – the fifth consecutive month of record imports for Sydney. The UWS Urban Research Centre report, North-West and West-Central Sydney Employment Statistics, notes Western Sydney is the prime destination for Sydney’s goods traffic, performing the major role in logistics and NSW regional supply chain linkages.
Labels: CBRE, Warehouses