Australian Industrial Review August 2022

PrimeRentGrowth Averageacrossmajorprecincts Q/Q Y/Y 20% 16% 12% 8% 4% 0% PerthMelbourneSydneyBrisbaneAdelaide Source:KnightFrank EasternSeaboardIndustrialSupply Sydney 3,000 2,500 2,000 1,500 1,000 500 0 Melbourne Brisbane 201720182019202020212022(f)2023(f) LandValueGrowthbyPrecinct Annualgrowthformediumlots(1-5ha)toQ22022 DuringQ2Y/Y 140% 120% 100% 80% 60% 40% 20% 0% SydneyMelbourneBrisbanePerthAdelaide AveragePrimeYields-MajorCities Averageacrossprecincts(5,000sqmassests,5yearWALE) SydneyPerth MelbourneAdelaide Brisbane 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% Source:KnightFrankResearch InnerWestSouthWestOuterWest North South WestSouthEastCityFringe EastNorth SouthEast North&Greater…TradeCoastSouthWest South EastSouthNorth OuterNorthInnerNorthOuterSouthInnerWestInnerSouth IndustrialInvestmentVolume AUDbillion,coveringdealsoverUSD5m Quarterlyvolume Numberofassetstraded(RHS) 10 8 6 4 2 0 360 320 280 240 200 160 120 80 40 0 20182019202020212022 Source:KnightFrankResearch,RCA MelbourneIndustrialRents&Incentives PrimeRentGrowthbyPrecinct YearonyeartoJune202230% 25% 20% 15% 10% 5% 0% 26% 21% 19% 18% 12% 15% East South North Warehouse Manufacturing Warehouse Manufacturing Warehouse Manufacturing