Industrial rents are expected to rise by more than 5 per cent next year, and at double-digit rates in Sydney, after capital city vacancy rates fell to a record-low 0.6 per cent in the second half of the year.

In Sydney – where super-prime industrial rents rose 38 per cent this year to $200 per square metres (after the vacancy rate fell to just 0.2 per cent) – there will be another 11 per cent increase in rents in 2023, a new CBRE report says.