Melbourne Industrial and Logistics Figures Q2 2026

Key Points:

• Leasing activity moderated from a strong start to the year with gross take-up in Q2 2026 totalling c.254,000 sqm.
• New supply remained subdued as feasibility pressures continued to push speculative projects further into the pipeline. 
• A growing proportion of future developments are being pre-committed, reinforcing expectations of disciplined supply over the medium term.
• Land values were broadly stable, supported by ongoing owner-occupier demand despite challenging development economics.
• Investment activity reached a record quarter, underpinned by the landmark Moorabbin Airport transaction. 
• Super Prime yields softened modestly, while pricing across other asset grades remained broadly stable.