2026年第二季度悉尼工业市场状况

Q2 2026 Click here tosubscribe This report provides a precinct-by-precinct quarterlyupdate of the Sydney industrial market Leasing overview Rents unchanged as demand concentrated in Western Sydney •Prime industrial rents held flat across all precincts in Q2 2026, with Western Sydney net face rentsranging between $200-$300/sqm.•Tenant demand was supported by Outer West and South West, accounting for 82% of total take-up.•Vacancy dropped slightly to c.738,000 sqm, with speculative developments making up 42% of totalavailability.•New supply in 2026 is expected to reach c.650,000 sqm, with 43% delivered in H1 2026. Investment overview Yields hold firm •Transaction volumes totalled $1.12 billion in H1 2026, whilst transaction volumes are lower thanprevious years, confidence is strong and a pick up in deal volumes is expected over H2 2026.•Major transactions include Aliro Group acquiring two Goodman assets (77-85 Roberts Road,Greenacre; 2 Foundation Place, Prospect) for $438 million, and Centuria selling a cold storagefacility at 67-69MandoonRoad,Girraweenfor $98 million.•Prime yields are ranging between 4.75%-5.75% across Western Sydney. Outer West Vacancy remains elevated 349k 175k Sqm leasing take-up2026 YTD Sqm vacancy in Q2Share of 43% totalvacancy 23% $220/m2 Prime net face rentStable q/qStable y/y Prime incentiveStable q/qUp 160 bps y/y 5.3% 367k Prime yieldStable q/qTightening6bpsy/y Sqm new supplyforecast in 202641% completed YTD KEY TRENDS •Leasing take-up in Outer West totalled 175,475 sqm over the first halfof the year, supported by take up of existing space (74%) andspeculative take up accounting for 16%. •Transport/logistics and manufacturing occupiers accounted for 56%of leasing activity in 2026 YTD. Major commitments includeParratechGroup taking c.24,500 sqm in Wetherill Park and TateProducts Australia securing c.23,100 sqm in Eastern Creek. •Vacancy remains at a similar level to Q1, with speculativedevelopments accounting for 36% of total availability. •Net face rents have remained stable since Q4 2023, with prime rentsholding between $200-$250/sqm. •New developments in Outer West is expected to reach 367,493sqm in2026, of which 76% is speculative space. •The average prime yield was unchanged over Q2 to range between4.75-5.75% as at Q2 2026. South West Vacancy declines to sub 200,00sqm 186k 72k Sqm leasing take-up2026 YTD Sqm vacancy in Q2Share of 23% totalvacancy 23% $220/m2 Prime incentiveStable q/qUp 130 bps y/y Prime net face rentStable q/qStable y/y 5.4% 166k Prime yieldStable q/qTightening 10 bps y/y Sqm new supplyforecast in 20269% completed YTD KEY TRENDS •Leasing volumes in H1 2026 totalled 72,708 sqm, driven by existingspace (56%) and pre-commitments accounting for 35%. •Total available space declined to sub 200,000 sqm, with speculativedevelopments accounting for 40% of vacancy. •Major deals include Refresco pre-committing c. 25,600 sqm inGateway Capital’s Revesby Rise andJamestrongPackaging taking c.13,400 sqm in Milperra. •Average net rents remained flat, holding between $200-250/sqm andsecondary at $176/sqm. Incentives average 23% across both primeand secondary assets. •New supply is expected to reach 165,600 sqm by year end. •Prime yields held steady over the quarter, ranging between 4.75%-5.75%. Inner West Vacancy driven by the completion of speculative stock Inner West industrial vacancy'000sqm available space 145k 51k Sqm vacancy in Q2Share of 18% totalvacancy Sqm leasing take-up2026 YTD 20% $245/m2 Prime incentiveStable q/qUp by 175 bps y/y Prime net face rentStable q/qStable y/y 5.1% 105k Prime yieldStable q/qStable y/y Sqm new supplyforecast in 2026All completed KEY TRENDS •Leasing activity totalled c. 51,000 sqm over the first half of the year,driven by take up of speculative stock. •Retailers and logistics occupiers accounted for 59% of take up in H12026. Notable deals include Parcel Freight Logistics taking c.9,600sqm at Goodman’s Chullora Industrial Hub and JD.com occupying c.8,200 sqm at Dexus’s Regents Park Estate. •Vacancy was reported at 145,947 sqm as at Q2 2026, with themajority being speculative space. •Prime net face rents are steady, averaging $220-300/sqm. Incentivesaverage 20% for both prime and secondary space. •Major development completions include ESR’s BirminghamIndustrial Park, Hale Capital’s Evolve, Rosehill and Central,Lidcombe. •Yields held firm of the Q2 to average between 4.75%-5.50% for primeand 5.50%-6.50% for secondary. South Tenant demand moderates 57k 5k Sqm leasing take-up2026 YTD Sqm vacancy in Q1 17.5% $405/m2 Prime incentiveStable q/qUp 500 bps y/y Prime net face rentStable q/qStable y/y 4.9% 12k Prime yieldStable q/qStable y/y New developments in2026All completed KEY TRENDS •Leasing demand has moderated over H1 2026 with no notableleasing transactions, this is reflective of the tightly held precinct andlimited availability. •The last major lease deals we