The development of new warehouses is expected to rebound after last year’s slump, as interest rates and costs steady, tenant pre-commitments firm up and key precincts become undersupplied, according to JLL.
The total supply of new warehouse space fell by almost 1 million square metres last year to 1.94 million sq m as rising construction and debt costs curtailed development, JLL said.
Loading...
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com
Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
