Australia’s industrial and logistics occupiers are generally optimistic about the future and expect their businesses to be better off financially in the next 12 months according to an inaugural CBRE survey.
The Australian Industrial and Logistics Occupier Survey was undertaken to gain a better understanding of decision making drivers, occupier strategies and how changes in technology and automation are impacting real estate requirements.
CBRE Senior Research Manager and report author Kate Bailey said the results reflected an engaged and optimistic industrial and logistics market, with 66% of respondents expecting their business to be better off financially and 25% expecting things to stay the same over the next 12 months.
The retailing, warehousing and distribution sector were the most positive, with 86% of respondents expecting their business to be better off.
“Surveys of this kind have rarely been undertaken in the Australian industrial and logistics market, meaning there has been limited benchmarking of what drives occupiers’ decision making,” Ms Bailey said.
“The results provide clarity around opportunities that exist to attract and retain tenants as well the tools investors can harness to futureproof industrial and logistics acquisitions.”
When it came to relocation intentions, 80% of all occupiers expecting to move had an optimistic business outlook. Ms Bailey said this had been consistent across states and occupier types suggesting that strong rent growth in markets such as Sydney had not impacted expectations (with 90% of Sydney occupiers having a positive outlook).