The latest report from Colliers shows, while not immune to recent economic uncertainty, the Australian industrial and logistics sector has so far proven to be resilient, underpinned by the exponential growth of e-commerce as well as the reallocation of capital away from other sectors. Our latest paper provides an update to current market conditions within the sector with highlights including:
• Growth in online retail sales has accelerated with annual growth of 31.9% in the year to June 2020, up from 13.6% in January 2020;
• Occupiers have quickly adapted to changing market conditions and recent demand stems from businesses focusing on future-proofing their supply chain capabilities; and
• The investment market remains strong with over $2.8 billion trading so far in 2020, approximately 60% of which has come from sale and leaseback transactions.