珀斯工业市场状况报告2025年第四季度

Rental growth slows but land values continue their ascent Q4 2025 •Prime net face rents in Perth averaged $154/sqm in 25-Q4, rising 4.8% y/y but flat q/q•The East is still the most expensive precinct to rent industrial space in Perth averaging $164/sqm•Incentives are becoming increasingly common, particularly amongst institutions, they average 9.6% for prime•Land values for small sized lots average $627/sqm having risen 12.2% in 2025; they rose 1.8% q/q•Prime industrial yields remain flat at 6.50% for the ninth consecutive quarter•WA is forecast to have the strongest population growth of any state over the next 5-years GDP growth forecastAustralia comapred to Western Australia,% change y/y Industrial Logistics, WALachlan Lewis+61 411 227 727lachlan.lewis@au.knightfrank.com Industrial Logistics, WAGeoff Thomson+61 407 245 801geoff.thomson@au.knightfrank.com Research & ConsultingTony McGough+61 406 928 820tony.mcgough@au.knightfrank.com Industrial Logistics, WADean Munns+61 428 890 283dean.munns@au.knightfrank.com Valuation & Advisory, WACameron Thomson+61 408 782 929cameron.thomson@au.knightfrankval.com.au Research & ConsultingLaurence Panozzo+61 401 251 876laurence.panozzo@au.knightfrank.com