25th May 2021
Market Commentary; Brisbane Industrial Property 2021
2020 was a challenge for commercial property markets, not just in Australia, but around the globe. Covid-19, through its negative impact on the economy and restriction on people’s movements, hit demand for space, goods and services. But not all property sectors were affected to the same degree. Industrial property stands out as a true survivor, together with parts of the retail sector. Lock downs only further boosted growth in online business, which has been the prime source of demand for industrial space this decade. And investors followed: industrial property became even more attractive than it already was as funds that would otherwise have flown into offices or shopping centres sought home in warehouses. And Brisbane has benefited from this trend with its continuous growth story.