Perth Industrial and Logistics Figures Q2 2026

Key Points:

• Gross take-up reached c.187,000 sqm in Q2 2026, lifting rolling 12-month leasing activity to c.409,000 sqm, well above the long-run average.
• Approximately 65,000 sqm of new supply was delivered during the quarter. The forward development pipeline remains elevated, although average annual completions are expected to moderate from recent highs.
• Pre-commitment levels remain strong at approximately 74%, limiting speculative supply and highlighting continued occupier demand for new industrial accommodation.
• Super prime net face rents remained stable over the quarter and are 6.5% higher year-on-year, with incentives holding at 15%, supporting continued growth in net effective rents.
• Owner-occupier demand and constrained serviced land supply continue to drive land values higher across all precincts, with the South precinct recording the strongest annual growth.
• Investment activity remains below historical averages; however, super prime midpoint yields held firm at 6.0%, reflecting stable pricing and continued investor confidence in Perth’s industrial market.