A booming digital economy, given added fuel by a global pandemic, drove industrial property powerhouse Goodman Group to new heights in the first quarter of the 2021 financial year as demand for warehouse space surged around the world.

Led by Greg Goodman, the country's most valuable real estate investment trust grew its global development pipeline by 12 per cent over the quarter to $7.3 billion – up more than 70 per cent over the past 12 months – and reported a 98 per cent occupancy rate across its $51.7 billion of assets under management, with rents rising at almost 3 per cent a year.