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Contribution from Jones Lang LaSalle. The Perth industrial market is in the midst of a revolution, with demand continuing to outstrip supply. Land values are rising, and this situation is compounded by increasing pressure for the development of the remaining supply into other uses besides industrial, especially in the traditional industrial suburbs of Osborne Park, Belmont and Myaree. A changing of the guard has transpired and the outer suburbs are now playing an even more important role in facilitating this industrial revolution.
Keywords: Jones Lang LaSalle, market report, Australia, Perth, industrial, supply, demand, restructuring, precinct analysis, rents, land values, superannuation trends, infrastructure, economic outlook
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