Region. High leasing demand

Western Sydney had not received such a high leasing demand for industrial property for more than a decade, with speculative-basis warehouses expected to be built in the next two quarters, said CBRE regional director for industrial and logistics services, Joshua Charles. “Western Sydney A-grade warehouse rents will grow 5 per cent over the next 12 months, incentives will contiune to contract towards 8 per cent and vacancy periods are in some cases non-existent,” he said.