Author: Barry Cawthorn, Managing Director Bawdens
Leading Corporate Property agents Bawdens are one of Sydney’s oldest continually successful SME focused agents. The company recently unlocked some gross July annual leasing data for clients from 1990 to 2022. A period of 32 years leasing transactions completed by the firm across Western Sydney were compiled. Recording all gross leases negotiated for buildings between 150-3500m².
The findings can be seen below and make for an interesting reading.
The continuing scarcity of suitable buildings to purchase, with vacant possession was likely to fuel potential for further price growth in 2022.
The effects of the recession we have had to have in 1991 can be seen with rentals falling 27% from 1990-1994. It took 8 years, being 1998, before rentals returned to those in 1990.
The tech wreck of early 2000’s can be seen with growth stalling for some 3 years.
The shortage of serviced land can be seen influencing rentals from 2012 with rental growth exceeding 40% in the last 10 years.
Category: Research, Trends & Insights, Performance Review
Topics: Industrial Property Rentals, Rentals Growth, Data & Analytics
Solutions: Industrial Research, Performance Review